Do you feel overwhelmed when it comes to cleaning your home? Do you not have enough time in your busy life to take care of your house cleaning needs? We pride ourselves on our friendly, honest, and professional staff. Give us a call today at 877-933-6842 and let us tell you about the range of our custom and tailored services.

published:28 Nov 2016

views:0

Wall Street Cleaners Frisco TXhttp://local.dallasnews.com/b23177454/Wall+Street+Cleaners?type=
You can count on Wall Street Cleaners. With many years of experience to draw upon, we are the perfect choice for your delicate fabrics Cleaning of all types of fabrics, Shirt service, Leather and fur cleaning, Drapery cleaning, Comfortor and bed spread cleaning, Folded laundry service, Hotel service, Expert clothing repair and alterations

Just a few short blocks from the New York Stock Exchange, another Wall Street institution sits at its centuries-long perch at the triangular intersection of William and Beaver streets.
Delmonico's is widely considered to be one of the very first sit down restaurants in America, born at a time when New York offered little more than taverns and oyster cellars. Culinary mainstays like eggs benedict and baked Alaska were invented in their kitchen.
While Delmonico's is (rightly) renowned for its steak offerings, Executive ChefBillyOliva tipped us off to several decadent items that aren't on the printed menu. Skip the dining room and head straight to the bar to ask the bartender for these secret items like a $100 grilled cheese or a $50 cookie.
Delmonico's is celebrating its 180th anniversary in September in style, offering a 180-day dry aged steak for a whopping $380.
--------------------------------------------------
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--------------------------------------------------
Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.

The stock may be declining, but can an investment in Henry Schien still keep you smiling? Jim Cramer brushed up on the dental equipment supplier in an exclusive interview with its CEO.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
» Watch more Mad Money here: http://bit.ly/WatchMadMoney
» Read more about Henry Schein here: http://cnb.cx/2vNiqMX
"Mad Money" takes viewers inside the mind of one of Wall Street's most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities and pitfalls with one goal in mind -- to try to help you make money.
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
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Henry Schein CEO: Digitalization Trends | Mad Money | CNBC

published:09 Aug 2017

views:2170

Just how clean are airplanes? Do they really get scrubbed down after each flight? WSJ's Scott McCartney joins Tanya Rivero on LunchBreak with the answers. Photo: Getty
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
Visit the WSJ channel for more video:
https://www.youtube.com/wsjdigitalnetwork
More from the Wall Street Journal:
Visit WSJ.com: http://online.wsj.com/home-page
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published:17 Sep 2014

views:19672

Your time is valuable, so "hack" housework and family duties to find a better work-life balance. Management expert and author Laura Vanderkam offers tips on how to save time and achieve equity with your partner. Illustration: Heather Seidel for The Wall Street Journal
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
More from the Wall Street Journal:
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When you're valuing an E&P (Exploration & Production) company, the Net Asset Value (NAV) Model is the key methodology.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
UNLIKE in a DCF, where cash flow growth is assumed into infinity, in a NAV model you assume the company's cash flows go to $0 eventually as it completely produces all of its reserves and has nothing left.
A granular NAV model is complex, but it comes down to a 2-step process:
Step 1: Model the company's existing production from wells it already has... and assume a decline rate for the annual production each year, also assuming commodity prices to determine revenue, and linking operating expenses to production and calculating cash flow like that.
Step 2: Assume the company drills new wells in its PUD (Proved Undeveloped), PROB (Probable), and POSS (Possible) reserves.
The second step involves dozens of sub-steps and assumptions, but here we're just going to focus on ONE small part of this process: estimating the decline rate of a new well the company drills.
It starts off at a very high production rate, but then declines quickly within even the first year of its useful life - and we need to estimate the decline rates each year to build the rest of the model.
You COULD do lots of complicated math, try fitting hyperbolic or exponential functions, run a regression analysis, etc., but we suggest a much simpler approach here: if the company doesn't disclose data on its decline rates for individual wells, find data from another company operating in the same region and fit it to your company's "average" wells.
How to Do That:
Step 1: Find the company's key data, such as the EUR per well and IP rate per well in the region you're looking at.
Step 2: Now, see if the company discloses data on its own decline rates... if so, you're set!
If not, or if it's not enough, find another company operating in the region that discloses more data (EQT here), and go to that company's investor presentations to get the numbers.
Step 3: In the first year, assume that production is some % of 365 * IP Rate per Well... because there is a huge drop-off in daily production from Month 1 to Month 12 in that first year.
EQT's data shows 45%; we assume 60% here since UPL has a slightly flatter decline curve.
Step 4: Copy and paste the other company's decline rates into each year of your decline curve.
Step 5: Enter the correct formula for calculating annual production each year AFTER the initial year... here:
=MIN(AU129*(1+AT130),$AT$126-SUM(AU$129:AU129))
Want to take either Last YearProduction * (1 + Decline Rate) (the first part), or the total remaining reserves in this well (the second part).
Step 6: Set up Subtotal / Remainder / Total math and ensure that everything is produced.
Step 7: "Fit the data" using Goal Seek and the Factor - multiply each decline rate by a certain factor and use Goal Seek (Alt + A + W + G) to solve for the factor that makes the Subtotal equal to the EUR.
Step 8: Build in support for a different EUR by scaling the production up or down in the "Total" column.
Step 9: Allocate the production to oil vs. gas. vs. NGLs.
Step 10: Complete the Subtotal / Remainder / Total math at the bottom.
What Next?
Next, we'd complete this process for all the wells the company drills in every region, estimate revenue, expenses, and cash flow for each one, and then aggregate the discounted cash flow values in every region across all reserve types...
Which brings us closer to the implied NAV per share, which is what the NAV model is really all about.
Stay tuned for more!

Wall Street

Wall Street is a 0.7-mile-long (1.1km) street running eight blocks, roughly northwest to southeast, from Broadway to South Street on the East River in the Financial District of Lower Manhattan, New York City. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial sector (even if financial firms are not physically located there), or signifying New York-based financial interests.

History

Early years

There are varying accounts about how the Dutch-named "de Waal Straat" got its name. A generally accepted version is that the name of the street was derived from an earthen wall on the northern boundary of the New Amsterdam settlement, perhaps to protect against English colonial encroachment or incursions by Native Americans. A conflicting explanation is that Wall Street was named after Walloons— the Dutch name for a Walloon is Waal. Among the first settlers that embarked on the ship "Nieu Nederlandt" in 1624 were 30 Walloon families. The Dutch word "wal" can be translated as "rampart". However, even some English maps show the name as Waal Straat, and not as Wal Straat.

Cramer defines "mad money" as the money one "can use to invest in stocks... not retirement money, which you want in 401K or an IRA, a savings account, bonds, or the most conservative of dividend-paying stocks."

Mad Money replaced Dylan Ratigan's Bullseye for the 6p.m. Eastern Time slot. On January8, 2007, CNBC began airing reruns of the show at 11 p.m. Eastern Time, on Monday through Friday, and at 4a.m. Eastern Time, on Saturdays.

In March 2012, the program became a part of what was formerly branded as NBC All Night in the nominal 3:07a.m. ET/2:07a.m. timeslot on weeknights, replacing week-delayed repeats of NBC's late night talk shows. In that form, only the video for the program was presented on a 16:9 screen with gray branded windowboxing and pillarboxing, with all enhanced business information, including the CNBC Ticker, removed. Because of the scheduling of local station's 4a.m. or 4:30a.m. newscasts to air Early Today depending on how a station schedules its overnight programming (even if it airs at the regular time in the Eastern and Pacific time zones for instance, seven minutes would have to be cut-off to fit in Early Today and a local newscast starting at 4:30a.m.), it is subject to local pre-emption, including by NBC O&O's.

Street

A street is a public thoroughfare (usually paved) in a built environment. It is a public parcel of land adjoining buildings in an urban context, on which people may freely assemble, interact, and move about. A street can be as simple as a level patch of dirt, but is more often paved with a hard, durable surface such as concrete, cobblestone or brick. Portions may also be smoothed with asphalt, embedded with rails, or otherwise prepared to accommodate non-pedestrian traffic.

Originally the word "street" simply meant a paved road (Latin: "via strata"). The word "street" is still sometimes used colloquially as a synonym for "road", for example in connection with the ancient Watling Street, but city residents and urban planners draw a crucial modern distinction: a road's main function is transportation, while streets facilitate public interaction. Examples of streets include pedestrian streets, alleys, and city-centre streets too crowded for road vehicles to pass. Conversely, highways and motorways are types of roads, but few would refer to them as streets.

Do you feel overwhelmed when it comes to cleaning your home? Do you not have enough time in your busy life to take care of your house cleaning needs? We pride ourselves on our friendly, honest, and professional staff. Give us a call today at 877-933-6842 and let us tell you about the range of our custom and tailored services.

0:45

Wall Street Cleaners Frisco TX

Wall Street Cleaners Frisco TX

Wall Street Cleaners Frisco TX

Wall Street Cleaners Frisco TXhttp://local.dallasnews.com/b23177454/Wall+Street+Cleaners?type=
You can count on Wall Street Cleaners. With many years of experience to draw upon, we are the perfect choice for your delicate fabrics Cleaning of all types of fabrics, Shirt service, Leather and fur cleaning, Drapery cleaning, Comfortor and bed spread cleaning, Folded laundry service, Hotel service, Expert clothing repair and alterations

Just a few short blocks from the New York Stock Exchange, another Wall Street institution sits at its centuries-long perch at the triangular intersection of William and Beaver streets.
Delmonico's is widely considered to be one of the very first sit down restaurants in America, born at a time when New York offered little more than taverns and oyster cellars. Culinary mainstays like eggs benedict and baked Alaska were invented in their kitchen.
While Delmonico's is (rightly) renowned for its steak offerings, Executive ChefBillyOliva tipped us off to several decadent items that aren't on the printed menu. Skip the dining room and head straight to the bar to ask the bartender for these secret items like a $100 grilled cheese or a $50 cookie.
Delmonico's is celebrating its 180th anniversary in September in style, offering a 180-day dry aged steak for a whopping $380.
--------------------------------------------------
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Read more: http://www.businessinsider.com/
--------------------------------------------------
Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.

Henry Schein CEO: Digitalization Trends | Mad Money | CNBC

The stock may be declining, but can an investment in Henry Schien still keep you smiling? Jim Cramer brushed up on the dental equipment supplier in an exclusive interview with its CEO.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
» Watch more Mad Money here: http://bit.ly/WatchMadMoney
» Read more about Henry Schein here: http://cnb.cx/2vNiqMX
"Mad Money" takes viewers inside the mind of one of Wall Street's most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities and pitfalls with one goal in mind -- to try to help you make money.
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Get More Mad Money!
Read the latest news: http://madmoney.cnbc.com
Watch full episodes: http://bit.ly/MadMoneyEpisodes
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Henry Schein CEO: Digitalization Trends | Mad Money | CNBC

4:01

How Do Airplanes Get Cleaned?

How Do Airplanes Get Cleaned?

How Do Airplanes Get Cleaned?

Just how clean are airplanes? Do they really get scrubbed down after each flight? WSJ's Scott McCartney joins Tanya Rivero on LunchBreak with the answers. Photo: Getty
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
Visit the WSJ channel for more video:
https://www.youtube.com/wsjdigitalnetwork
More from the Wall Street Journal:
Visit WSJ.com: http://online.wsj.com/home-page
Follow WSJ on Facebook:
http://www.facebook.com/wsjlive
Follow WSJ on Google+: https://plus.google.com/+wsj/posts
Follow WSJ on Twitter: https://twitter.com/WSJLive
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Follow WSJ on Tumblr: http://www.tumblr.com/tagged/wall-street-journal

2:45

Four Tips to Save Time on Housework

Four Tips to Save Time on Housework

Four Tips to Save Time on Housework

Your time is valuable, so "hack" housework and family duties to find a better work-life balance. Management expert and author Laura Vanderkam offers tips on how to save time and achieve equity with your partner. Illustration: Heather Seidel for The Wall Street Journal
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
More from the Wall Street Journal:
VisitWSJ.com: http://www.wsj.com
Follow WSJ on Facebook: http://www.facebook.com/wsjvideo
Follow WSJ on Google+: https://plus.google.com/+wsj/posts
Follow WSJ on Twitter: https://twitter.com/WSJvideo
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Follow WSJ on Pinterest: http://www.pinterest.com/wsj/

NAV Model (Oil & Gas): Production Decline Curve

When you're valuing an E&P (Exploration & Production) company, the Net Asset Value (NAV) Model is the key methodology.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
UNLIKE in a DCF, where cash flow growth is assumed into infinity, in a NAV model you assume the company's cash flows go to $0 eventually as it completely produces all of its reserves and has nothing left.
A granular NAV model is complex, but it comes down to a 2-step process:
Step 1: Model the company's existing production from wells it already has... and assume a decline rate for the annual production each year, also assuming commodity prices to determine revenue, and linking operating expenses to production and calculating cash flow like that.
Step 2: Assume the company drills new wells in its PUD (Proved Undeveloped), PROB (Probable), and POSS (Possible) reserves.
The second step involves dozens of sub-steps and assumptions, but here we're just going to focus on ONE small part of this process: estimating the decline rate of a new well the company drills.
It starts off at a very high production rate, but then declines quickly within even the first year of its useful life - and we need to estimate the decline rates each year to build the rest of the model.
You COULD do lots of complicated math, try fitting hyperbolic or exponential functions, run a regression analysis, etc., but we suggest a much simpler approach here: if the company doesn't disclose data on its decline rates for individual wells, find data from another company operating in the same region and fit it to your company's "average" wells.
How to Do That:
Step 1: Find the company's key data, such as the EUR per well and IP rate per well in the region you're looking at.
Step 2: Now, see if the company discloses data on its own decline rates... if so, you're set!
If not, or if it's not enough, find another company operating in the region that discloses more data (EQT here), and go to that company's investor presentations to get the numbers.
Step 3: In the first year, assume that production is some % of 365 * IP Rate per Well... because there is a huge drop-off in daily production from Month 1 to Month 12 in that first year.
EQT's data shows 45%; we assume 60% here since UPL has a slightly flatter decline curve.
Step 4: Copy and paste the other company's decline rates into each year of your decline curve.
Step 5: Enter the correct formula for calculating annual production each year AFTER the initial year... here:
=MIN(AU129*(1+AT130),$AT$126-SUM(AU$129:AU129))
Want to take either Last YearProduction * (1 + Decline Rate) (the first part), or the total remaining reserves in this well (the second part).
Step 6: Set up Subtotal / Remainder / Total math and ensure that everything is produced.
Step 7: "Fit the data" using Goal Seek and the Factor - multiply each decline rate by a certain factor and use Goal Seek (Alt + A + W + G) to solve for the factor that makes the Subtotal equal to the EUR.
Step 8: Build in support for a different EUR by scaling the production up or down in the "Total" column.
Step 9: Allocate the production to oil vs. gas. vs. NGLs.
Step 10: Complete the Subtotal / Remainder / Total math at the bottom.
What Next?
Next, we'd complete this process for all the wells the company drills in every region, estimate revenue, expenses, and cash flow for each one, and then aggregate the discounted cash flow values in every region across all reserve types...
Which brings us closer to the implied NAV per share, which is what the NAV model is really all about.
Stay tuned for more!

On Demand Laundry With 'Triggr' | CNBC

Manhattan dry cleaners expect to see a boost in business thanks to a new app called "Triggr."
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC NewsOnline
Get the latest news: http://www.cnbc.com/
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On Demand Laundry With 'Triggr' | CNBC

23:30

Wall Street Warriors | Episode 7 Season 3 "The Meltdown" [HD]

Wall Street Warriors | Episode 7 Season 3 "The Meltdown" [HD]

Wall Street Warriors | Episode 7 Season 3 "The Meltdown" [HD]

"The Meltdown" is the seventh episode of Season 3 of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
Episode 7 "The Meltdown"
Markets are crashing, credit is drying up, panic sweeps over Wall Street and the world as major investment banks fail. We witness history as Tony finds himself caught in a near-riot when the government bailout causes angry crowds to turn their wrath on the financial district. In a nearby building, Phil and Ken are watching from above and feel trapped as the protestors surround the New York Stock Exchange. Meanwhile, in midtown, Hedge Funds are folding everywhere and Rich estimates 60% are going to go out of business.
DRAMATIS PERSONAE:
1.) THE FLOOR TRADERS:
DOUG (SPX Trader)
BEN (Volatility Trader)
The show captures the visceral thrill of trading hand-to-hand in the open outcry pits in Chicago. We profile how these two working-class guys became the business world’s least-likely tycoons. We follow them as they trade the ups-and-downs of the market with their own money. Colorful characters abound on all sides of these tight-knit but cut-throat environments. However, these masters of the free market may prove vulnerable as computers begin making the open-outcry obsolete.
THE ONLINE BROKERAGE HOUSE:
KRISTINE (CFO)
TONY (options trader)
This pioneering and edgy firm is the future of Wall Street. Cutting out the middle man and going right to a growing class of new private traders, Thinkorswim’s CFO, Kristi Ross, fights to keep the start-up growing and running smoothly while nearby Tony Battista trades his own money and shows people how they, too, can make it in the markets. However, when the credit crisis hit all the rules of the game change on them.
3.) THE HEDGE FUNDE: RICHARD
The man with the money, Rich Taglianetti is a jet-setter who puts together some
of the wealthiest clients on the planet with some of the best undiscovered
hedge fund managers. With a knack for finding great Wall Street talent, he's the
guy who makes the rich richer.
4.) THE STOCK BROKERS:
PHILIP & KENPhilip and his brother, Ken, run their own brokerage firm located right on Wall
Street. With great style and attitude, they try to capture high profile
celebrity clients and keep them happy by growing their money in these
turbulent times. When the markets begin to crash, things don’t go quite as
planned.

12:50

Company Profile in PowerPoint: Alignment Tricks

Company Profile in PowerPoint: Alignment Tricks

Company Profile in PowerPoint: Alignment Tricks

You’ll learn tricks for achieving normally impossible alignments and distributions in this tutorial, and you’ll see several examples of slides for company profiles that you could use in pitch books and other presentations.
http://breakingintowallstreet.com/
"Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
Shortcuts Introduced (These require PowerPoint 2010 or later):
Shift + ClickSelectMultipleShapes
Alt, N, SH
InsertShape
Shift + DrawLine
Draw Straight Line
Alt, H, G, A, CAlignCenter
Alt, H, G, A, M
Align Middle
Alt, H, G, A, H
Distribute Horizontally
Alt, H, G, A, V
Distribute Vertically
Ctrl + G
Group
Ctrl + Shift + G
Ungroup
Shift + Drag Shape
Move Shape & Keep Horizontal or VerticalAxisConstantLesson Outline:
You often use company profiles in pitch books and other presentations in investment banking to highlight potential buyers and sellers – which companies might be interested in buying or selling, and what do their financial profiles look like?
Short profiles are fairly simple to create, but in longer profiles (2 pages or beyond), sometimes you run into alignment problems when there are multiple graphs or charts within a single “box” or area of the slide, and you need to distribute them properly.
It won’t work correctly if you select smaller shapes and attempt to align them to the middle or center or distribute them using the built-in commands – instead, you have to create fake “reference lines” on both sides of the shape across which you’re distributing the smaller shapes.
In this case, we create those lines around the blue text box and around the text labels below it.
With those lines (Alt, N, SH to create a shape) in place, you can then select those lines, the smaller shapes you want to distribute, and then distribute everything horizontally (Alt, H, G, A, H) or vertically (Alt, H, G, A, V).
Sometimes you will have to align these “fake lines” to the left, right, top or bottom of shapes to get the proper alignment (Alt, H, G, A, L for Left, R for Right, T for Top, and B for Bottom).
You can do this multiple times for as many shapes or areas as you need – afterward, you always finish off the exercise by deleting the lines since you don’t want to see them in the final version of the slides.
Credit: Taylor Croonquist from Nuts and Bolts Training came up with this trick and called these lines “NinjaLines.” Here, we’re just showing you how to apply the lines to investment banking-style presentations.
Note: Also, in our (new) PowerPoint course, we recommend customizing the QuickAccess Toolbar (QAT) to create your own shortcuts for common commands.
We SKIPPED that here because it’s outside the scope of this tutorial, but in real life you would use shorter shortcuts for all these commands.
RESOURCES:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/Company-Profile-PowerPoint.pptx
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/Company-Profile-PowerPoint-Notes.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/Company-Profile-PowerPoint-Graphs.xlsx

Wall Street Tower Apartments in Manchester, NH - ForRent.com

Wall StreetTowerApartments for rent in Manchester, NH on ForRent.com: (866) 273-5044 - http://www.forrent.com/apartment-community-profile/1000054364.php Availability, pricing and special promotions subject to change daily. Wall Street Tower offers high-rise living at its best! Why not indulge yourself in style, luxury, and convenience? In addition to grand views from private balconies and convenience to great shopping, dining, and entertainment, Wall Street Tower offers amenities you'll find nowhere else. For instance, 24-hour concierge services, gas heat and hot water included in the monthly rent, central air conditioning, covered garage parking for you and your guests, elevators, dry cleaning service, a Salon and Spa IN THE BUILDING and much more! So much, in fact, that you'll find it hard to believe how little it costs to live at Wall Street Tower! Contact us and we will be glad to tell you about it! - 555Canal Street

2:21

How China Hides Its Infrastructure Debt

How China Hides Its Infrastructure Debt

How China Hides Its Infrastructure Debt

China's enormous infrastructure spending was often invoked as a model for the U.S. in the campaign speeches of President-Elect Donald Trump. But with debt piling up, Beijing must juggle ever-more furiously to maintain appearances. Photo: Getty
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
More from the Wall Street Journal:
VisitWSJ.com: http://www.wsj.com
Follow WSJ on Facebook: http://www.facebook.com/wsjvideo
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9:12

The Robot Revolution: The New Age of Manufacturing | Moving Upstream

The Robot Revolution: The New Age of Manufacturing | Moving Upstream

The Robot Revolution: The New Age of Manufacturing | Moving Upstream

Hundreds of millions of jobs affected. Trillions of dollars of wealth created. These are the potential impacts of a coming wave of automation. In this episode of MovingUpstream, we travelled to Asia to see the next generation of industrial robots, what they're capable of, and whether they’re friend or foe to low-skilled workers.
Watch more episodes: wsj.com/upstream

19:04

Projecting the 3 Financial Statements: The Balance Sheet

Projecting the 3 Financial Statements: The Balance Sheet

Projecting the 3 Financial Statements: The Balance Sheet

In this tutorial, you will learn how to decide which Income Statement line items Balance Sheet accounts such as Accounts Receivable, Prepaid Expenses, and Deferred Revenue should be linked to.
You’ll also see an example of how to check your work, how to tell when you’ve linked something incorrectly, and what to do with more “random” line items.
Table of Contents:
2:23: The RoughAnswer to Projecting Balance Sheet Line Items
5:43: Rules of Thumb for Specific Line Items
9:36: Example for Atlassian – Checking Your Work
14:38: How to Handle “Random” Line Items
16:30: Recap and Summary
The Rough Answer to Projecting Balance Sheet Line Items
The rough answer is: “Stop worrying about what each individual item should be linked to, and instead worry about the OVERALL change in working capital as a % of the change in revenue.”
This question represents a case of overlooking the forest for the trees – yes, how you link individual items can make a difference, but it does NOT make a bigger difference than the overall change in working capital.
Remember that all that Balance Sheet items such as Accounts Receivable, Prepaid Expenses, Inventory, and Deferred Revenue really impact is the company’s cash flow – does it spend cash as it grows, or does it earn more cash as a result of growth?
If you understand that bigger picture item, you’ll be well on your way to “getting” this concept.
Rules of Thumb for Specific Line Items
Accounts Receivable: Link it to revenue.
Deferred Revenue: Link it to revenue.
Inventory: Link it to COGS.
Accounts Payable, Accrued Expenses, and Prepaid Expenses: Link these to COGS, or OpEx, or both, depending on the company.
“Other” Assets or Liabilities: Hold these constant or link them to revenue.
“Random” Items: Find a matching Income Statement item and link them there, or make them a percentage of revenue.
Example for Atlassian – Checking Your Work
For Atlassian, we check all the numbers by calculating the historical Change in Working Capital and then comparing the Change in WC as a % of the Change in Revenue to the future numbers there.
Historically, the average Change in WC as a % of the Change in Revenue was around 23%, and going forward it is set to approximately 10-20%, so we feel it is a reasonable estimate.
If we had linked to an incorrect line item instead, such as linking
TradePayables to Revenue rather than OpEx, it would be fairly noticeable since the Change in WC would not follow a clean trend.
How to Handle “Random” Line Items
For “random items,” such as Maintenance Provisions on a company’s Balance Sheet, you can always try to match them with the relevant Income Statement line items. That works in this example for EasyJet.
If that doesn’t work, you could just set these items to a % of revenue instead and simplify the whole process.
You can check your work with the same method: calculate the
Change in WC as a % of the Change in Revenue and verify that it follows a relatively clean trend line over time.
Recap and Summary
Whenever you build 3-statement projections, always start with the
ENDGOAL – measuring the cash flow impact – in mind.
Accounts Receivable and Deferred Revenue: Link it to revenue.
Inventory: Link it to COGS.
Accounts Payable, Accrued Expenses, and Prepaid Expenses: Link these to COGS, or OpEx, or both, depending on the company.
“Other” Assets or Liabilities: Hold these constant or link them to revenue.
“Random” Items: Find a matching Income Statement item and link them there, or make them a percentage of revenue.
To check your work, determine if the company spends in advance of its growth (the Change in WC as a % of the Change in Revenue will be negative), or whether it gets extra money as a result of its growth (the Change in WC as a % of the Change in Revenue will be positive).

12:38

AMMO NYC CAR WASH PRODUCTS REVIEW !!

AMMO NYC CAR WASH PRODUCTS REVIEW !!

AMMO NYC CAR WASH PRODUCTS REVIEW !!

AMMONYC car wash products review! In this video, I do a brand review of the car detailing products of AMMO NYC, a car detailing products company based in New York, USA. Larry Kosilla, the founder of the company, was a trader on Wall Street before quitting his job and deciding to pursue his biggest passion: car detailing. He founded AMMO NYC in 2011, a business of detailing cars and selling high quality car detailing products.
His motto is “Drive and Protect”. Larry wants you to drive and enjoy your car, and also to detail and protect it to maximize its beauty. As Larry often says, cleaning a car should be part of the joy of owning it and I fully agree with him!
In the video, I will talk about many of the AMMO NYC car wash products, explain what they are, what they do and more importantly how to use them. They are truly some of the best detailing products on the market today.
PAINT REGIMEN KIT:
Foam paint cleanser. Provides a constant layer of lubrication between your wash mitt and the paint. The dirt is gently released from the paint and into the foam. It can be used as a pre-wash soap as well if added to a foam cannon. It will not strip waxes or sealants.
Hydrate paint moisturizer. Eliminates scratches that occur during the drying process. Apply two or three sprays of the product onto a dry microfiber towel and lightly wipe the paint in straight lines to pick up the water and leave a layer of protection behind.
SkinDefense Coat. Super durable polymer based coating, also known as a paint sealant. It adheres to the clear coat and you can layer it to increase shine and protection. Lasts up to 6 months. Apply it in straight lines, one panel at a time. After 1-3 minutes, buff off with a clean microfiber towel. Can also be applied to headlights, tail lights, chrome and rims.
SpitEmergencyShine. Quick detailer that removes light dust or dirt when you have no access to water. It safely encapsulates the dirt and leaves behind a clean and protected surface. Lightly spray on the affected panel and gently wipe with a clean microfiber towel. Lightly buff to a shine with a second microfiber towel. It’s a spray wax that offers a quick and safe way to perform on-the-fly touchups.
WHEEL REGIMEN KIT:
BruteWheelSoap. Specifically designed for wheels only. It was engineered to be tough on break dust and road grime.
Plum Wheel Cleaner. It releases brake dust and iron particles that are embedded in the wheels. Rinse the wheel, then spray Plum on the wheel and let it dwell for 30 seconds before agitating with a wheel brush. As the wheel cleaner begins to work, it will change color from clear to plum. It will not damage paint. It’s a non-acidic oH neutral formula.
Mud tire gel. Tire dressing that contains oils that moisturize the rubber and protect it against UV rays. This product doesn’t produce tire sling. It offers a well-balanced shine, not too glossy and not matte either.
INTERIOR REGIMEN KIT:
Lather Interior Cleanser. All-purpose cleaner for plastics and leather. Perfect for cleaning and restoring interiors. Simply spray on the surface, and gently agitate with an interior brush or microfiber towel and wipe away.
To get more information on all these products, visit www.ammonyc.com
Welcome to Pan TheOrganizer, a Youtube channel designed to help people improve different aspects of their lives through fun and entertaining videos!
If you liked this video, click on the thumbs up button and share the video with your friends and family. Don’t forget to click the SUBSCRIBE button if you want to keep on enjoying my future videos. Welcome to the Pan TheOrganizer family!!
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8:27

Clorox CEO: Cleaning Up the Competition? | Mad Money | CNBC

Clorox CEO: Cleaning Up the Competition? | Mad Money | CNBC

Clorox CEO: Cleaning Up the Competition? | Mad Money | CNBC

Jim Cramer spoke to Benno Dorer, the CEO of Clorox, after the consumer goods giant’s quarter. Find out how this 100 year old household brand is keeping itself fresh.
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» Watch more Mad Money here: http://bit.ly/WatchMadMoney
» Read more about Clorox here: http://cnb.cx/2u91qjz
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Clorox CEO: Cleaning Up the Competition? | Mad Money | CNBC

1:27

Wall Street Tower Apartments in Manchester, NH - ForRent.com

Wall Street Tower Apartments in Manchester, NH - ForRent.com

Wall Street Tower Apartments in Manchester, NH - ForRent.com

Wall StreetTowerApartments for rent in Manchester, NH on ForRent.com: (866) 273-5044 - http://www.forrent.com/apartment-community-profile/1000054364.php Availability, pricing and special promotions subject to change daily. Wall Street Tower offers high-rise living at its best! Why not indulge yourself in style, luxury, and convenience? In addition to grand views from private balconies and convenience to great shopping, dining, and entertainment, Wall Street Tower offers amenities you'll find nowhere else. For instance, 24-hour concierge services, gas heat and hot water included in the monthly rent, central air conditioning, covered garage parking for you and your guests, elevators, dry cleaning service, a Salon and Spa IN THE BUILDING and much more! So much, in fact, that you'll find it hard to believe how little it costs to live at Wall Street Tower! Contact us and we will be glad to tell you about it! - 555Canal Street

Do you feel overwhelmed when it comes to cleaning your home? Do you not have enough time in your busy life to take care of your house cleaning needs? We pride ourselves on our friendly, honest, and professional staff. Give us a call today at 877-933-6842 and let us tell you about the range of our custom and tailored services.

published: 28 Nov 2016

Wall Street Cleaners Frisco TX

Wall Street Cleaners Frisco TXhttp://local.dallasnews.com/b23177454/Wall+Street+Cleaners?type=
You can count on Wall Street Cleaners. With many years of experience to draw upon, we are the perfect choice for your delicate fabrics Cleaning of all types of fabrics, Shirt service, Leather and fur cleaning, Drapery cleaning, Comfortor and bed spread cleaning, Folded laundry service, Hotel service, Expert clothing repair and alterations

Just a few short blocks from the New York Stock Exchange, another Wall Street institution sits at its centuries-long perch at the triangular intersection of William and Beaver streets.
Delmonico's is widely considered to be one of the very first sit down restaurants in America, born at a time when New York offered little more than taverns and oyster cellars. Culinary mainstays like eggs benedict and baked Alaska were invented in their kitchen.
While Delmonico's is (rightly) renowned for its steak offerings, Executive ChefBillyOliva tipped us off to several decadent items that aren't on the printed menu. Skip the dining room and head straight to the bar to ask the bartender for these secret items like a $100 grilled cheese or a $50 cookie.
Delmonico's is celebrating its 180th anniversa...

Henry Schein CEO: Digitalization Trends | Mad Money | CNBC

The stock may be declining, but can an investment in Henry Schien still keep you smiling? Jim Cramer brushed up on the dental equipment supplier in an exclusive interview with its CEO.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
» Watch more Mad Money here: http://bit.ly/WatchMadMoney
» Read more about Henry Schein here: http://cnb.cx/2vNiqMX
"Mad Money" takes viewers inside the mind of one of Wall Street's most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities and pitfalls with one goal in mind -- to try to help you make money.
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experien...

published: 09 Aug 2017

How Do Airplanes Get Cleaned?

Just how clean are airplanes? Do they really get scrubbed down after each flight? WSJ's Scott McCartney joins Tanya Rivero on LunchBreak with the answers. Photo: Getty
Subscribe to the WSJ channel here:
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published: 17 Sep 2014

Four Tips to Save Time on Housework

Your time is valuable, so "hack" housework and family duties to find a better work-life balance. Management expert and author Laura Vanderkam offers tips on how to save time and achieve equity with your partner. Illustration: Heather Seidel for The Wall Street Journal
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NAV Model (Oil & Gas): Production Decline Curve

When you're valuing an E&P (Exploration & Production) company, the Net Asset Value (NAV) Model is the key methodology.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
UNLIKE in a DCF, where cash flow growth is assumed into infinity, in a NAV model you assume the company's cash flows go to $0 eventually as it completely produces all of its reserves and has nothing left.
A granular NAV model is complex, but it comes down to a 2-step process:
Step 1: Model the company's existing production from wells it already has... and assume a decline rate for the annual production each year, also assuming commodity prices to determine revenue, and linking operating expenses to production and calculating cash flow like that.
Step ...

Flip Squad Cleaning Services

On Demand Laundry With 'Triggr' | CNBC

Manhattan dry cleaners expect to see a boost in business thanks to a new app called "Triggr."
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC NewsOnline
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On Demand Laundry With 'Triggr' | CNBC

published: 26 Jun 2015

Wall Street Warriors | Episode 7 Season 3 "The Meltdown" [HD]

"The Meltdown" is the seventh episode of Season 3 of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
Episode 7 "The Meltdown"
Markets are crashing, credit is drying up, panic sweeps over Wall Street and the world as major investment banks fail. We witness history as Tony finds himself caught in a near-riot when the government bailout causes angry crowds to turn their wrath on the financial district. In a nearby building, Phil and Ken are watching from above and feel trapped as the protestors surround the New York Stock Exchange. Meanwhile, in midtown, Hedge Funds are foldi...

Wall Street Tower Apartments in Manchester, NH - ForRent.com

Wall StreetTowerApartments for rent in Manchester, NH on ForRent.com: (866) 273-5044 - http://www.forrent.com/apartment-community-profile/1000054364.php Availability, pricing and special promotions subject to change daily. Wall Street Tower offers high-rise living at its best! Why not indulge yourself in style, luxury, and convenience? In addition to grand views from private balconies and convenience to great shopping, dining, and entertainment, Wall Street Tower offers amenities you'll find nowhere else. For instance, 24-hour concierge services, gas heat and hot water included in the monthly rent, central air conditioning, covered garage parking for you and your guests, elevators, dry cleaning service, a Salon and Spa IN THE BUILDING and much more! So much, in fact, that you'll find...

published: 17 Jun 2013

How China Hides Its Infrastructure Debt

China's enormous infrastructure spending was often invoked as a model for the U.S. in the campaign speeches of President-Elect Donald Trump. But with debt piling up, Beijing must juggle ever-more furiously to maintain appearances. Photo: Getty
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published: 06 Dec 2016

The Robot Revolution: The New Age of Manufacturing | Moving Upstream

Hundreds of millions of jobs affected. Trillions of dollars of wealth created. These are the potential impacts of a coming wave of automation. In this episode of MovingUpstream, we travelled to Asia to see the next generation of industrial robots, what they're capable of, and whether they’re friend or foe to low-skilled workers.
Watch more episodes: wsj.com/upstream

published: 01 Feb 2018

Projecting the 3 Financial Statements: The Balance Sheet

In this tutorial, you will learn how to decide which Income Statement line items Balance Sheet accounts such as Accounts Receivable, Prepaid Expenses, and Deferred Revenue should be linked to.
You’ll also see an example of how to check your work, how to tell when you’ve linked something incorrectly, and what to do with more “random” line items.
Table of Contents:
2:23: The RoughAnswer to Projecting Balance Sheet Line Items
5:43: Rules of Thumb for Specific Line Items
9:36: Example for Atlassian – Checking Your Work
14:38: How to Handle “Random” Line Items
16:30: Recap and Summary
The Rough Answer to Projecting Balance Sheet Line Items
The rough answer is: “Stop worrying about what each individual item should be linked to, and instead worry about the OVERALL change in working capi...

published: 26 May 2015

AMMO NYC CAR WASH PRODUCTS REVIEW !!

AMMONYC car wash products review! In this video, I do a brand review of the car detailing products of AMMO NYC, a car detailing products company based in New York, USA. Larry Kosilla, the founder of the company, was a trader on Wall Street before quitting his job and deciding to pursue his biggest passion: car detailing. He founded AMMO NYC in 2011, a business of detailing cars and selling high quality car detailing products.
His motto is “Drive and Protect”. Larry wants you to drive and enjoy your car, and also to detail and protect it to maximize its beauty. As Larry often says, cleaning a car should be part of the joy of owning it and I fully agree with him!
In the video, I will talk about many of the AMMO NYC car wash products, explain what they are, what they do and more impor...

published: 23 Feb 2018

Clorox CEO: Cleaning Up the Competition? | Mad Money | CNBC

Jim Cramer spoke to Benno Dorer, the CEO of Clorox, after the consumer goods giant’s quarter. Find out how this 100 year old household brand is keeping itself fresh.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
» Watch more Mad Money here: http://bit.ly/WatchMadMoney
» Read more about Clorox here: http://cnb.cx/2u91qjz
"Mad Money" takes viewers inside the mind of one of Wall Street's most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities and pitfalls with one goal in mind -- to try to help you make money.
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of...

published: 04 Aug 2017

Wall Street Tower Apartments in Manchester, NH - ForRent.com

Wall StreetTowerApartments for rent in Manchester, NH on ForRent.com: (866) 273-5044 - http://www.forrent.com/apartment-community-profile/1000054364.php Availability, pricing and special promotions subject to change daily. Wall Street Tower offers high-rise living at its best! Why not indulge yourself in style, luxury, and convenience? In addition to grand views from private balconies and convenience to great shopping, dining, and entertainment, Wall Street Tower offers amenities you'll find nowhere else. For instance, 24-hour concierge services, gas heat and hot water included in the monthly rent, central air conditioning, covered garage parking for you and your guests, elevators, dry cleaning service, a Salon and Spa IN THE BUILDING and much more! So much, in fact, that you'll find...

published: 23 Mar 2015

Wall Street Cleaners

Henry Schein CEO: Digital Transformation | Mad Money | CNBC

Your dentist likely loves this company, and you could love the way it's cleaning up on Wall Street.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
» Watch more Mad Money here: http://bit.ly/WatchMadMoney
» Read more about Henry Schein here: http://cnb.cx/21pmyIj
"Mad Money" takes viewers inside the mind of one of Wall Street's most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities and pitfalls with one goal in mind -- to try to help you make money.
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Get More Ma...

Do you feel overwhelmed when it comes to cleaning your home? Do you not have enough time in your busy life to take care of your house cleaning needs? We pride ...

Do you feel overwhelmed when it comes to cleaning your home? Do you not have enough time in your busy life to take care of your house cleaning needs? We pride ourselves on our friendly, honest, and professional staff. Give us a call today at 877-933-6842 and let us tell you about the range of our custom and tailored services.

Do you feel overwhelmed when it comes to cleaning your home? Do you not have enough time in your busy life to take care of your house cleaning needs? We pride ourselves on our friendly, honest, and professional staff. Give us a call today at 877-933-6842 and let us tell you about the range of our custom and tailored services.

Just a few short blocks from the New York Stock Exchange, another Wall Street institution sits at its centuries-long perch at the triangular intersection of William and Beaver streets.
Delmonico's is widely considered to be one of the very first sit down restaurants in America, born at a time when New York offered little more than taverns and oyster cellars. Culinary mainstays like eggs benedict and baked Alaska were invented in their kitchen.
While Delmonico's is (rightly) renowned for its steak offerings, Executive ChefBillyOliva tipped us off to several decadent items that aren't on the printed menu. Skip the dining room and head straight to the bar to ask the bartender for these secret items like a $100 grilled cheese or a $50 cookie.
Delmonico's is celebrating its 180th anniversary in September in style, offering a 180-day dry aged steak for a whopping $380.
--------------------------------------------------
Follow BI Video on Twitter: http://bit.ly/1oS68Zs
Follow BI on Facebook: http://bit.ly/1W9Lk0n
Read more: http://www.businessinsider.com/
--------------------------------------------------
Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.

Just a few short blocks from the New York Stock Exchange, another Wall Street institution sits at its centuries-long perch at the triangular intersection of William and Beaver streets.
Delmonico's is widely considered to be one of the very first sit down restaurants in America, born at a time when New York offered little more than taverns and oyster cellars. Culinary mainstays like eggs benedict and baked Alaska were invented in their kitchen.
While Delmonico's is (rightly) renowned for its steak offerings, Executive ChefBillyOliva tipped us off to several decadent items that aren't on the printed menu. Skip the dining room and head straight to the bar to ask the bartender for these secret items like a $100 grilled cheese or a $50 cookie.
Delmonico's is celebrating its 180th anniversary in September in style, offering a 180-day dry aged steak for a whopping $380.
--------------------------------------------------
Follow BI Video on Twitter: http://bit.ly/1oS68Zs
Follow BI on Facebook: http://bit.ly/1W9Lk0n
Read more: http://www.businessinsider.com/
--------------------------------------------------
Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.

Just how clean are airplanes? Do they really get scrubbed down after each flight? WSJ's Scott McCartney joins Tanya Rivero on LunchBreak with the answers. Photo: Getty
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
Visit the WSJ channel for more video:
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Visit WSJ.com: http://online.wsj.com/home-page
Follow WSJ on Facebook:
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Follow WSJ on Tumblr: http://www.tumblr.com/tagged/wall-street-journal

Just how clean are airplanes? Do they really get scrubbed down after each flight? WSJ's Scott McCartney joins Tanya Rivero on LunchBreak with the answers. Photo: Getty
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
Visit the WSJ channel for more video:
https://www.youtube.com/wsjdigitalnetwork
More from the Wall Street Journal:
Visit WSJ.com: http://online.wsj.com/home-page
Follow WSJ on Facebook:
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Follow WSJ on Tumblr: http://www.tumblr.com/tagged/wall-street-journal

When you're valuing an E&P (Exploration & Production) company, the Net Asset Value (NAV) Model is the key methodology.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
UNLIKE in a DCF, where cash flow growth is assumed into infinity, in a NAV model you assume the company's cash flows go to $0 eventually as it completely produces all of its reserves and has nothing left.
A granular NAV model is complex, but it comes down to a 2-step process:
Step 1: Model the company's existing production from wells it already has... and assume a decline rate for the annual production each year, also assuming commodity prices to determine revenue, and linking operating expenses to production and calculating cash flow like that.
Step 2: Assume the company drills new wells in its PUD (Proved Undeveloped), PROB (Probable), and POSS (Possible) reserves.
The second step involves dozens of sub-steps and assumptions, but here we're just going to focus on ONE small part of this process: estimating the decline rate of a new well the company drills.
It starts off at a very high production rate, but then declines quickly within even the first year of its useful life - and we need to estimate the decline rates each year to build the rest of the model.
You COULD do lots of complicated math, try fitting hyperbolic or exponential functions, run a regression analysis, etc., but we suggest a much simpler approach here: if the company doesn't disclose data on its decline rates for individual wells, find data from another company operating in the same region and fit it to your company's "average" wells.
How to Do That:
Step 1: Find the company's key data, such as the EUR per well and IP rate per well in the region you're looking at.
Step 2: Now, see if the company discloses data on its own decline rates... if so, you're set!
If not, or if it's not enough, find another company operating in the region that discloses more data (EQT here), and go to that company's investor presentations to get the numbers.
Step 3: In the first year, assume that production is some % of 365 * IP Rate per Well... because there is a huge drop-off in daily production from Month 1 to Month 12 in that first year.
EQT's data shows 45%; we assume 60% here since UPL has a slightly flatter decline curve.
Step 4: Copy and paste the other company's decline rates into each year of your decline curve.
Step 5: Enter the correct formula for calculating annual production each year AFTER the initial year... here:
=MIN(AU129*(1+AT130),$AT$126-SUM(AU$129:AU129))
Want to take either Last YearProduction * (1 + Decline Rate) (the first part), or the total remaining reserves in this well (the second part).
Step 6: Set up Subtotal / Remainder / Total math and ensure that everything is produced.
Step 7: "Fit the data" using Goal Seek and the Factor - multiply each decline rate by a certain factor and use Goal Seek (Alt + A + W + G) to solve for the factor that makes the Subtotal equal to the EUR.
Step 8: Build in support for a different EUR by scaling the production up or down in the "Total" column.
Step 9: Allocate the production to oil vs. gas. vs. NGLs.
Step 10: Complete the Subtotal / Remainder / Total math at the bottom.
What Next?
Next, we'd complete this process for all the wells the company drills in every region, estimate revenue, expenses, and cash flow for each one, and then aggregate the discounted cash flow values in every region across all reserve types...
Which brings us closer to the implied NAV per share, which is what the NAV model is really all about.
Stay tuned for more!

When you're valuing an E&P (Exploration & Production) company, the Net Asset Value (NAV) Model is the key methodology.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
UNLIKE in a DCF, where cash flow growth is assumed into infinity, in a NAV model you assume the company's cash flows go to $0 eventually as it completely produces all of its reserves and has nothing left.
A granular NAV model is complex, but it comes down to a 2-step process:
Step 1: Model the company's existing production from wells it already has... and assume a decline rate for the annual production each year, also assuming commodity prices to determine revenue, and linking operating expenses to production and calculating cash flow like that.
Step 2: Assume the company drills new wells in its PUD (Proved Undeveloped), PROB (Probable), and POSS (Possible) reserves.
The second step involves dozens of sub-steps and assumptions, but here we're just going to focus on ONE small part of this process: estimating the decline rate of a new well the company drills.
It starts off at a very high production rate, but then declines quickly within even the first year of its useful life - and we need to estimate the decline rates each year to build the rest of the model.
You COULD do lots of complicated math, try fitting hyperbolic or exponential functions, run a regression analysis, etc., but we suggest a much simpler approach here: if the company doesn't disclose data on its decline rates for individual wells, find data from another company operating in the same region and fit it to your company's "average" wells.
How to Do That:
Step 1: Find the company's key data, such as the EUR per well and IP rate per well in the region you're looking at.
Step 2: Now, see if the company discloses data on its own decline rates... if so, you're set!
If not, or if it's not enough, find another company operating in the region that discloses more data (EQT here), and go to that company's investor presentations to get the numbers.
Step 3: In the first year, assume that production is some % of 365 * IP Rate per Well... because there is a huge drop-off in daily production from Month 1 to Month 12 in that first year.
EQT's data shows 45%; we assume 60% here since UPL has a slightly flatter decline curve.
Step 4: Copy and paste the other company's decline rates into each year of your decline curve.
Step 5: Enter the correct formula for calculating annual production each year AFTER the initial year... here:
=MIN(AU129*(1+AT130),$AT$126-SUM(AU$129:AU129))
Want to take either Last YearProduction * (1 + Decline Rate) (the first part), or the total remaining reserves in this well (the second part).
Step 6: Set up Subtotal / Remainder / Total math and ensure that everything is produced.
Step 7: "Fit the data" using Goal Seek and the Factor - multiply each decline rate by a certain factor and use Goal Seek (Alt + A + W + G) to solve for the factor that makes the Subtotal equal to the EUR.
Step 8: Build in support for a different EUR by scaling the production up or down in the "Total" column.
Step 9: Allocate the production to oil vs. gas. vs. NGLs.
Step 10: Complete the Subtotal / Remainder / Total math at the bottom.
What Next?
Next, we'd complete this process for all the wells the company drills in every region, estimate revenue, expenses, and cash flow for each one, and then aggregate the discounted cash flow values in every region across all reserve types...
Which brings us closer to the implied NAV per share, which is what the NAV model is really all about.
Stay tuned for more!

"The Meltdown" is the seventh episode of Season 3 of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
Episode 7 "The Meltdown"
Markets are crashing, credit is drying up, panic sweeps over Wall Street and the world as major investment banks fail. We witness history as Tony finds himself caught in a near-riot when the government bailout causes angry crowds to turn their wrath on the financial district. In a nearby building, Phil and Ken are watching from above and feel trapped as the protestors surround the New York Stock Exchange. Meanwhile, in midtown, Hedge Funds are folding everywhere and Rich estimates 60% are going to go out of business.
DRAMATIS PERSONAE:
1.) THE FLOOR TRADERS:
DOUG (SPX Trader)
BEN (Volatility Trader)
The show captures the visceral thrill of trading hand-to-hand in the open outcry pits in Chicago. We profile how these two working-class guys became the business world’s least-likely tycoons. We follow them as they trade the ups-and-downs of the market with their own money. Colorful characters abound on all sides of these tight-knit but cut-throat environments. However, these masters of the free market may prove vulnerable as computers begin making the open-outcry obsolete.
THE ONLINE BROKERAGE HOUSE:
KRISTINE (CFO)
TONY (options trader)
This pioneering and edgy firm is the future of Wall Street. Cutting out the middle man and going right to a growing class of new private traders, Thinkorswim’s CFO, Kristi Ross, fights to keep the start-up growing and running smoothly while nearby Tony Battista trades his own money and shows people how they, too, can make it in the markets. However, when the credit crisis hit all the rules of the game change on them.
3.) THE HEDGE FUNDE: RICHARD
The man with the money, Rich Taglianetti is a jet-setter who puts together some
of the wealthiest clients on the planet with some of the best undiscovered
hedge fund managers. With a knack for finding great Wall Street talent, he's the
guy who makes the rich richer.
4.) THE STOCK BROKERS:
PHILIP & KENPhilip and his brother, Ken, run their own brokerage firm located right on Wall
Street. With great style and attitude, they try to capture high profile
celebrity clients and keep them happy by growing their money in these
turbulent times. When the markets begin to crash, things don’t go quite as
planned.

"The Meltdown" is the seventh episode of Season 3 of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
Episode 7 "The Meltdown"
Markets are crashing, credit is drying up, panic sweeps over Wall Street and the world as major investment banks fail. We witness history as Tony finds himself caught in a near-riot when the government bailout causes angry crowds to turn their wrath on the financial district. In a nearby building, Phil and Ken are watching from above and feel trapped as the protestors surround the New York Stock Exchange. Meanwhile, in midtown, Hedge Funds are folding everywhere and Rich estimates 60% are going to go out of business.
DRAMATIS PERSONAE:
1.) THE FLOOR TRADERS:
DOUG (SPX Trader)
BEN (Volatility Trader)
The show captures the visceral thrill of trading hand-to-hand in the open outcry pits in Chicago. We profile how these two working-class guys became the business world’s least-likely tycoons. We follow them as they trade the ups-and-downs of the market with their own money. Colorful characters abound on all sides of these tight-knit but cut-throat environments. However, these masters of the free market may prove vulnerable as computers begin making the open-outcry obsolete.
THE ONLINE BROKERAGE HOUSE:
KRISTINE (CFO)
TONY (options trader)
This pioneering and edgy firm is the future of Wall Street. Cutting out the middle man and going right to a growing class of new private traders, Thinkorswim’s CFO, Kristi Ross, fights to keep the start-up growing and running smoothly while nearby Tony Battista trades his own money and shows people how they, too, can make it in the markets. However, when the credit crisis hit all the rules of the game change on them.
3.) THE HEDGE FUNDE: RICHARD
The man with the money, Rich Taglianetti is a jet-setter who puts together some
of the wealthiest clients on the planet with some of the best undiscovered
hedge fund managers. With a knack for finding great Wall Street talent, he's the
guy who makes the rich richer.
4.) THE STOCK BROKERS:
PHILIP & KENPhilip and his brother, Ken, run their own brokerage firm located right on Wall
Street. With great style and attitude, they try to capture high profile
celebrity clients and keep them happy by growing their money in these
turbulent times. When the markets begin to crash, things don’t go quite as
planned.

Company Profile in PowerPoint: Alignment Tricks

You’ll learn tricks for achieving normally impossible alignments and distributions in this tutorial, and you’ll see several examples of slides for company profi...

You’ll learn tricks for achieving normally impossible alignments and distributions in this tutorial, and you’ll see several examples of slides for company profiles that you could use in pitch books and other presentations.
http://breakingintowallstreet.com/
"Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
Shortcuts Introduced (These require PowerPoint 2010 or later):
Shift + ClickSelectMultipleShapes
Alt, N, SH
InsertShape
Shift + DrawLine
Draw Straight Line
Alt, H, G, A, CAlignCenter
Alt, H, G, A, M
Align Middle
Alt, H, G, A, H
Distribute Horizontally
Alt, H, G, A, V
Distribute Vertically
Ctrl + G
Group
Ctrl + Shift + G
Ungroup
Shift + Drag Shape
Move Shape & Keep Horizontal or VerticalAxisConstantLesson Outline:
You often use company profiles in pitch books and other presentations in investment banking to highlight potential buyers and sellers – which companies might be interested in buying or selling, and what do their financial profiles look like?
Short profiles are fairly simple to create, but in longer profiles (2 pages or beyond), sometimes you run into alignment problems when there are multiple graphs or charts within a single “box” or area of the slide, and you need to distribute them properly.
It won’t work correctly if you select smaller shapes and attempt to align them to the middle or center or distribute them using the built-in commands – instead, you have to create fake “reference lines” on both sides of the shape across which you’re distributing the smaller shapes.
In this case, we create those lines around the blue text box and around the text labels below it.
With those lines (Alt, N, SH to create a shape) in place, you can then select those lines, the smaller shapes you want to distribute, and then distribute everything horizontally (Alt, H, G, A, H) or vertically (Alt, H, G, A, V).
Sometimes you will have to align these “fake lines” to the left, right, top or bottom of shapes to get the proper alignment (Alt, H, G, A, L for Left, R for Right, T for Top, and B for Bottom).
You can do this multiple times for as many shapes or areas as you need – afterward, you always finish off the exercise by deleting the lines since you don’t want to see them in the final version of the slides.
Credit: Taylor Croonquist from Nuts and Bolts Training came up with this trick and called these lines “NinjaLines.” Here, we’re just showing you how to apply the lines to investment banking-style presentations.
Note: Also, in our (new) PowerPoint course, we recommend customizing the QuickAccess Toolbar (QAT) to create your own shortcuts for common commands.
We SKIPPED that here because it’s outside the scope of this tutorial, but in real life you would use shorter shortcuts for all these commands.
RESOURCES:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/Company-Profile-PowerPoint.pptx
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/Company-Profile-PowerPoint-Notes.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/Company-Profile-PowerPoint-Graphs.xlsx

You’ll learn tricks for achieving normally impossible alignments and distributions in this tutorial, and you’ll see several examples of slides for company profiles that you could use in pitch books and other presentations.
http://breakingintowallstreet.com/
"Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
Shortcuts Introduced (These require PowerPoint 2010 or later):
Shift + ClickSelectMultipleShapes
Alt, N, SH
InsertShape
Shift + DrawLine
Draw Straight Line
Alt, H, G, A, CAlignCenter
Alt, H, G, A, M
Align Middle
Alt, H, G, A, H
Distribute Horizontally
Alt, H, G, A, V
Distribute Vertically
Ctrl + G
Group
Ctrl + Shift + G
Ungroup
Shift + Drag Shape
Move Shape & Keep Horizontal or VerticalAxisConstantLesson Outline:
You often use company profiles in pitch books and other presentations in investment banking to highlight potential buyers and sellers – which companies might be interested in buying or selling, and what do their financial profiles look like?
Short profiles are fairly simple to create, but in longer profiles (2 pages or beyond), sometimes you run into alignment problems when there are multiple graphs or charts within a single “box” or area of the slide, and you need to distribute them properly.
It won’t work correctly if you select smaller shapes and attempt to align them to the middle or center or distribute them using the built-in commands – instead, you have to create fake “reference lines” on both sides of the shape across which you’re distributing the smaller shapes.
In this case, we create those lines around the blue text box and around the text labels below it.
With those lines (Alt, N, SH to create a shape) in place, you can then select those lines, the smaller shapes you want to distribute, and then distribute everything horizontally (Alt, H, G, A, H) or vertically (Alt, H, G, A, V).
Sometimes you will have to align these “fake lines” to the left, right, top or bottom of shapes to get the proper alignment (Alt, H, G, A, L for Left, R for Right, T for Top, and B for Bottom).
You can do this multiple times for as many shapes or areas as you need – afterward, you always finish off the exercise by deleting the lines since you don’t want to see them in the final version of the slides.
Credit: Taylor Croonquist from Nuts and Bolts Training came up with this trick and called these lines “NinjaLines.” Here, we’re just showing you how to apply the lines to investment banking-style presentations.
Note: Also, in our (new) PowerPoint course, we recommend customizing the QuickAccess Toolbar (QAT) to create your own shortcuts for common commands.
We SKIPPED that here because it’s outside the scope of this tutorial, but in real life you would use shorter shortcuts for all these commands.
RESOURCES:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/Company-Profile-PowerPoint.pptx
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/Company-Profile-PowerPoint-Notes.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/Company-Profile-PowerPoint-Graphs.xlsx

Wall StreetTowerApartments for rent in Manchester, NH on ForRent.com: (866) 273-5044 - http://www.forrent.com/apartment-community-profile/1000054364.php Availability, pricing and special promotions subject to change daily. Wall Street Tower offers high-rise living at its best! Why not indulge yourself in style, luxury, and convenience? In addition to grand views from private balconies and convenience to great shopping, dining, and entertainment, Wall Street Tower offers amenities you'll find nowhere else. For instance, 24-hour concierge services, gas heat and hot water included in the monthly rent, central air conditioning, covered garage parking for you and your guests, elevators, dry cleaning service, a Salon and Spa IN THE BUILDING and much more! So much, in fact, that you'll find it hard to believe how little it costs to live at Wall Street Tower! Contact us and we will be glad to tell you about it! - 555Canal Street

Wall StreetTowerApartments for rent in Manchester, NH on ForRent.com: (866) 273-5044 - http://www.forrent.com/apartment-community-profile/1000054364.php Availability, pricing and special promotions subject to change daily. Wall Street Tower offers high-rise living at its best! Why not indulge yourself in style, luxury, and convenience? In addition to grand views from private balconies and convenience to great shopping, dining, and entertainment, Wall Street Tower offers amenities you'll find nowhere else. For instance, 24-hour concierge services, gas heat and hot water included in the monthly rent, central air conditioning, covered garage parking for you and your guests, elevators, dry cleaning service, a Salon and Spa IN THE BUILDING and much more! So much, in fact, that you'll find it hard to believe how little it costs to live at Wall Street Tower! Contact us and we will be glad to tell you about it! - 555Canal Street

The Robot Revolution: The New Age of Manufacturing | Moving Upstream

Hundreds of millions of jobs affected. Trillions of dollars of wealth created. These are the potential impacts of a coming wave of automation. In this episode o...

Hundreds of millions of jobs affected. Trillions of dollars of wealth created. These are the potential impacts of a coming wave of automation. In this episode of MovingUpstream, we travelled to Asia to see the next generation of industrial robots, what they're capable of, and whether they’re friend or foe to low-skilled workers.
Watch more episodes: wsj.com/upstream

Hundreds of millions of jobs affected. Trillions of dollars of wealth created. These are the potential impacts of a coming wave of automation. In this episode of MovingUpstream, we travelled to Asia to see the next generation of industrial robots, what they're capable of, and whether they’re friend or foe to low-skilled workers.
Watch more episodes: wsj.com/upstream

In this tutorial, you will learn how to decide which Income Statement line items Balance Sheet accounts such as Accounts Receivable, Prepaid Expenses, and Deferred Revenue should be linked to.
You’ll also see an example of how to check your work, how to tell when you’ve linked something incorrectly, and what to do with more “random” line items.
Table of Contents:
2:23: The RoughAnswer to Projecting Balance Sheet Line Items
5:43: Rules of Thumb for Specific Line Items
9:36: Example for Atlassian – Checking Your Work
14:38: How to Handle “Random” Line Items
16:30: Recap and Summary
The Rough Answer to Projecting Balance Sheet Line Items
The rough answer is: “Stop worrying about what each individual item should be linked to, and instead worry about the OVERALL change in working capital as a % of the change in revenue.”
This question represents a case of overlooking the forest for the trees – yes, how you link individual items can make a difference, but it does NOT make a bigger difference than the overall change in working capital.
Remember that all that Balance Sheet items such as Accounts Receivable, Prepaid Expenses, Inventory, and Deferred Revenue really impact is the company’s cash flow – does it spend cash as it grows, or does it earn more cash as a result of growth?
If you understand that bigger picture item, you’ll be well on your way to “getting” this concept.
Rules of Thumb for Specific Line Items
Accounts Receivable: Link it to revenue.
Deferred Revenue: Link it to revenue.
Inventory: Link it to COGS.
Accounts Payable, Accrued Expenses, and Prepaid Expenses: Link these to COGS, or OpEx, or both, depending on the company.
“Other” Assets or Liabilities: Hold these constant or link them to revenue.
“Random” Items: Find a matching Income Statement item and link them there, or make them a percentage of revenue.
Example for Atlassian – Checking Your Work
For Atlassian, we check all the numbers by calculating the historical Change in Working Capital and then comparing the Change in WC as a % of the Change in Revenue to the future numbers there.
Historically, the average Change in WC as a % of the Change in Revenue was around 23%, and going forward it is set to approximately 10-20%, so we feel it is a reasonable estimate.
If we had linked to an incorrect line item instead, such as linking
TradePayables to Revenue rather than OpEx, it would be fairly noticeable since the Change in WC would not follow a clean trend.
How to Handle “Random” Line Items
For “random items,” such as Maintenance Provisions on a company’s Balance Sheet, you can always try to match them with the relevant Income Statement line items. That works in this example for EasyJet.
If that doesn’t work, you could just set these items to a % of revenue instead and simplify the whole process.
You can check your work with the same method: calculate the
Change in WC as a % of the Change in Revenue and verify that it follows a relatively clean trend line over time.
Recap and Summary
Whenever you build 3-statement projections, always start with the
ENDGOAL – measuring the cash flow impact – in mind.
Accounts Receivable and Deferred Revenue: Link it to revenue.
Inventory: Link it to COGS.
Accounts Payable, Accrued Expenses, and Prepaid Expenses: Link these to COGS, or OpEx, or both, depending on the company.
“Other” Assets or Liabilities: Hold these constant or link them to revenue.
“Random” Items: Find a matching Income Statement item and link them there, or make them a percentage of revenue.
To check your work, determine if the company spends in advance of its growth (the Change in WC as a % of the Change in Revenue will be negative), or whether it gets extra money as a result of its growth (the Change in WC as a % of the Change in Revenue will be positive).

In this tutorial, you will learn how to decide which Income Statement line items Balance Sheet accounts such as Accounts Receivable, Prepaid Expenses, and Deferred Revenue should be linked to.
You’ll also see an example of how to check your work, how to tell when you’ve linked something incorrectly, and what to do with more “random” line items.
Table of Contents:
2:23: The RoughAnswer to Projecting Balance Sheet Line Items
5:43: Rules of Thumb for Specific Line Items
9:36: Example for Atlassian – Checking Your Work
14:38: How to Handle “Random” Line Items
16:30: Recap and Summary
The Rough Answer to Projecting Balance Sheet Line Items
The rough answer is: “Stop worrying about what each individual item should be linked to, and instead worry about the OVERALL change in working capital as a % of the change in revenue.”
This question represents a case of overlooking the forest for the trees – yes, how you link individual items can make a difference, but it does NOT make a bigger difference than the overall change in working capital.
Remember that all that Balance Sheet items such as Accounts Receivable, Prepaid Expenses, Inventory, and Deferred Revenue really impact is the company’s cash flow – does it spend cash as it grows, or does it earn more cash as a result of growth?
If you understand that bigger picture item, you’ll be well on your way to “getting” this concept.
Rules of Thumb for Specific Line Items
Accounts Receivable: Link it to revenue.
Deferred Revenue: Link it to revenue.
Inventory: Link it to COGS.
Accounts Payable, Accrued Expenses, and Prepaid Expenses: Link these to COGS, or OpEx, or both, depending on the company.
“Other” Assets or Liabilities: Hold these constant or link them to revenue.
“Random” Items: Find a matching Income Statement item and link them there, or make them a percentage of revenue.
Example for Atlassian – Checking Your Work
For Atlassian, we check all the numbers by calculating the historical Change in Working Capital and then comparing the Change in WC as a % of the Change in Revenue to the future numbers there.
Historically, the average Change in WC as a % of the Change in Revenue was around 23%, and going forward it is set to approximately 10-20%, so we feel it is a reasonable estimate.
If we had linked to an incorrect line item instead, such as linking
TradePayables to Revenue rather than OpEx, it would be fairly noticeable since the Change in WC would not follow a clean trend.
How to Handle “Random” Line Items
For “random items,” such as Maintenance Provisions on a company’s Balance Sheet, you can always try to match them with the relevant Income Statement line items. That works in this example for EasyJet.
If that doesn’t work, you could just set these items to a % of revenue instead and simplify the whole process.
You can check your work with the same method: calculate the
Change in WC as a % of the Change in Revenue and verify that it follows a relatively clean trend line over time.
Recap and Summary
Whenever you build 3-statement projections, always start with the
ENDGOAL – measuring the cash flow impact – in mind.
Accounts Receivable and Deferred Revenue: Link it to revenue.
Inventory: Link it to COGS.
Accounts Payable, Accrued Expenses, and Prepaid Expenses: Link these to COGS, or OpEx, or both, depending on the company.
“Other” Assets or Liabilities: Hold these constant or link them to revenue.
“Random” Items: Find a matching Income Statement item and link them there, or make them a percentage of revenue.
To check your work, determine if the company spends in advance of its growth (the Change in WC as a % of the Change in Revenue will be negative), or whether it gets extra money as a result of its growth (the Change in WC as a % of the Change in Revenue will be positive).

AMMO NYC CAR WASH PRODUCTS REVIEW !!

AMMONYC car wash products review! In this video, I do a brand review of the car detailing products of AMMO NYC, a car detailing products company based in New ...

AMMONYC car wash products review! In this video, I do a brand review of the car detailing products of AMMO NYC, a car detailing products company based in New York, USA. Larry Kosilla, the founder of the company, was a trader on Wall Street before quitting his job and deciding to pursue his biggest passion: car detailing. He founded AMMO NYC in 2011, a business of detailing cars and selling high quality car detailing products.
His motto is “Drive and Protect”. Larry wants you to drive and enjoy your car, and also to detail and protect it to maximize its beauty. As Larry often says, cleaning a car should be part of the joy of owning it and I fully agree with him!
In the video, I will talk about many of the AMMO NYC car wash products, explain what they are, what they do and more importantly how to use them. They are truly some of the best detailing products on the market today.
PAINT REGIMEN KIT:
Foam paint cleanser. Provides a constant layer of lubrication between your wash mitt and the paint. The dirt is gently released from the paint and into the foam. It can be used as a pre-wash soap as well if added to a foam cannon. It will not strip waxes or sealants.
Hydrate paint moisturizer. Eliminates scratches that occur during the drying process. Apply two or three sprays of the product onto a dry microfiber towel and lightly wipe the paint in straight lines to pick up the water and leave a layer of protection behind.
SkinDefense Coat. Super durable polymer based coating, also known as a paint sealant. It adheres to the clear coat and you can layer it to increase shine and protection. Lasts up to 6 months. Apply it in straight lines, one panel at a time. After 1-3 minutes, buff off with a clean microfiber towel. Can also be applied to headlights, tail lights, chrome and rims.
SpitEmergencyShine. Quick detailer that removes light dust or dirt when you have no access to water. It safely encapsulates the dirt and leaves behind a clean and protected surface. Lightly spray on the affected panel and gently wipe with a clean microfiber towel. Lightly buff to a shine with a second microfiber towel. It’s a spray wax that offers a quick and safe way to perform on-the-fly touchups.
WHEEL REGIMEN KIT:
BruteWheelSoap. Specifically designed for wheels only. It was engineered to be tough on break dust and road grime.
Plum Wheel Cleaner. It releases brake dust and iron particles that are embedded in the wheels. Rinse the wheel, then spray Plum on the wheel and let it dwell for 30 seconds before agitating with a wheel brush. As the wheel cleaner begins to work, it will change color from clear to plum. It will not damage paint. It’s a non-acidic oH neutral formula.
Mud tire gel. Tire dressing that contains oils that moisturize the rubber and protect it against UV rays. This product doesn’t produce tire sling. It offers a well-balanced shine, not too glossy and not matte either.
INTERIOR REGIMEN KIT:
Lather Interior Cleanser. All-purpose cleaner for plastics and leather. Perfect for cleaning and restoring interiors. Simply spray on the surface, and gently agitate with an interior brush or microfiber towel and wipe away.
To get more information on all these products, visit www.ammonyc.com
Welcome to Pan TheOrganizer, a Youtube channel designed to help people improve different aspects of their lives through fun and entertaining videos!
If you liked this video, click on the thumbs up button and share the video with your friends and family. Don’t forget to click the SUBSCRIBE button if you want to keep on enjoying my future videos. Welcome to the Pan TheOrganizer family!!
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Intro music by HurleyMower
https://soundcloud.com/nedmowermusic

AMMONYC car wash products review! In this video, I do a brand review of the car detailing products of AMMO NYC, a car detailing products company based in New York, USA. Larry Kosilla, the founder of the company, was a trader on Wall Street before quitting his job and deciding to pursue his biggest passion: car detailing. He founded AMMO NYC in 2011, a business of detailing cars and selling high quality car detailing products.
His motto is “Drive and Protect”. Larry wants you to drive and enjoy your car, and also to detail and protect it to maximize its beauty. As Larry often says, cleaning a car should be part of the joy of owning it and I fully agree with him!
In the video, I will talk about many of the AMMO NYC car wash products, explain what they are, what they do and more importantly how to use them. They are truly some of the best detailing products on the market today.
PAINT REGIMEN KIT:
Foam paint cleanser. Provides a constant layer of lubrication between your wash mitt and the paint. The dirt is gently released from the paint and into the foam. It can be used as a pre-wash soap as well if added to a foam cannon. It will not strip waxes or sealants.
Hydrate paint moisturizer. Eliminates scratches that occur during the drying process. Apply two or three sprays of the product onto a dry microfiber towel and lightly wipe the paint in straight lines to pick up the water and leave a layer of protection behind.
SkinDefense Coat. Super durable polymer based coating, also known as a paint sealant. It adheres to the clear coat and you can layer it to increase shine and protection. Lasts up to 6 months. Apply it in straight lines, one panel at a time. After 1-3 minutes, buff off with a clean microfiber towel. Can also be applied to headlights, tail lights, chrome and rims.
SpitEmergencyShine. Quick detailer that removes light dust or dirt when you have no access to water. It safely encapsulates the dirt and leaves behind a clean and protected surface. Lightly spray on the affected panel and gently wipe with a clean microfiber towel. Lightly buff to a shine with a second microfiber towel. It’s a spray wax that offers a quick and safe way to perform on-the-fly touchups.
WHEEL REGIMEN KIT:
BruteWheelSoap. Specifically designed for wheels only. It was engineered to be tough on break dust and road grime.
Plum Wheel Cleaner. It releases brake dust and iron particles that are embedded in the wheels. Rinse the wheel, then spray Plum on the wheel and let it dwell for 30 seconds before agitating with a wheel brush. As the wheel cleaner begins to work, it will change color from clear to plum. It will not damage paint. It’s a non-acidic oH neutral formula.
Mud tire gel. Tire dressing that contains oils that moisturize the rubber and protect it against UV rays. This product doesn’t produce tire sling. It offers a well-balanced shine, not too glossy and not matte either.
INTERIOR REGIMEN KIT:
Lather Interior Cleanser. All-purpose cleaner for plastics and leather. Perfect for cleaning and restoring interiors. Simply spray on the surface, and gently agitate with an interior brush or microfiber towel and wipe away.
To get more information on all these products, visit www.ammonyc.com
Welcome to Pan TheOrganizer, a Youtube channel designed to help people improve different aspects of their lives through fun and entertaining videos!
If you liked this video, click on the thumbs up button and share the video with your friends and family. Don’t forget to click the SUBSCRIBE button if you want to keep on enjoying my future videos. Welcome to the Pan TheOrganizer family!!
►List of equipment I use to produce my Youtube videos: https://youtu.be/5Ws-1BXhrFk
►You can also follow on social media:
Facebook: Pandelis Moschopoulos
Instagram: @pantheorganizer
Twitter: @PanTheOrganizer
Snapchat: PanTheOrganizer
Intro music by HurleyMower
https://soundcloud.com/nedmowermusic

Wall StreetTowerApartments for rent in Manchester, NH on ForRent.com: (866) 273-5044 - http://www.forrent.com/apartment-community-profile/1000054364.php Availability, pricing and special promotions subject to change daily. Wall Street Tower offers high-rise living at its best! Why not indulge yourself in style, luxury, and convenience? In addition to grand views from private balconies and convenience to great shopping, dining, and entertainment, Wall Street Tower offers amenities you'll find nowhere else. For instance, 24-hour concierge services, gas heat and hot water included in the monthly rent, central air conditioning, covered garage parking for you and your guests, elevators, dry cleaning service, a Salon and Spa IN THE BUILDING and much more! So much, in fact, that you'll find it hard to believe how little it costs to live at Wall Street Tower! Contact us and we will be glad to tell you about it! - 555Canal Street

Wall StreetTowerApartments for rent in Manchester, NH on ForRent.com: (866) 273-5044 - http://www.forrent.com/apartment-community-profile/1000054364.php Availability, pricing and special promotions subject to change daily. Wall Street Tower offers high-rise living at its best! Why not indulge yourself in style, luxury, and convenience? In addition to grand views from private balconies and convenience to great shopping, dining, and entertainment, Wall Street Tower offers amenities you'll find nowhere else. For instance, 24-hour concierge services, gas heat and hot water included in the monthly rent, central air conditioning, covered garage parking for you and your guests, elevators, dry cleaning service, a Salon and Spa IN THE BUILDING and much more! So much, in fact, that you'll find it hard to believe how little it costs to live at Wall Street Tower! Contact us and we will be glad to tell you about it! - 555Canal Street

New York City (NYC) tourist attractions Wall Street, NYSE & Charging Bull is covered in this travel guide by Hipfig.
1). How to reach Wall Street, NYSE & Charging Bull in lower Manhattan in New York City
2). Directions and NYC Subway routes and stops for Wall Street, NYSE & Charging Bull in lower Manhattan in New York City
3). Information and things to do at Wall Street, NYSE & Charging Bull in lower Manhattan in New York City
4). Travel tips for visiting Wall Street, NYSE & Charging Bull in lower Manhattan in New York City (NYC travel guide)
S UB SC RI B E: https://goo.gl/bZzVS5
Official Hipfig Travel-Channel Website: http://www.hipfig.com/
F AC EB OO K: https://www.facebook.com/HipfigTravelChannel
T WI TT E R: https://twitter.com/hipfig

published: 17 Dec 2016

NEW YORK CITY, walking around the financial district of WALL STREET (USA)

SUBSCRIBE: http://www.youtube.com/c/VicStefanu - Let's walk around this famous part of New York City on a very cold day in the winter and and let's see what it feels like and what one can see. Vic Stefanu, vstefanu@yahoo.com

published: 21 Jan 2012

Tokyo Vacation Travel Guide | Expedia

https://www.expedia.com/Tokyo.d179900.Destination-Travel-Guides
Welcome to Tokyo, the capital of Japan and the epitome of the word “megacity.”
In this vast metropolis, ancient traditions blend with futuristic buildings, and your Tokyo sightseeing will take you to representations of each. Pay your respects at temples set in forested hillsides, then flex your credit card in one of the shopping districts, before sitting down to a five-star meal…all in one day.
Your Tokyo tour begins with the subway and train system, which will take you all over this sprawling city. Tokyo is home to some 35 million people, many of which you’ll meet as its public transit carries you throughout its many neighborhoods. Make a stop in Asakusa, a temple district nestled in leafy trees with skyscrapers towering i...

published: 02 Oct 2014

50 THINGS TO DO IN NEW YORK CITY | Top Attractions Travel Guide

Our recent week inNew York City was an action-packed one. We decided to set ourselves a challenge to see and do as much as we possibly could, and that gave way to this travel video guide which highlights 50 of the top attractions. In a city like New York this means we barely scratched the surface, but hopefully this video will highlight the cornucopia of possibilities that is the Big Apple.
GEAR WE USEOlympus OM-D E-M5 II: http://amzn.to/1OchS7t
Canon G7X: http://amzn.to/1YdjsYX
Olympus 14-150mm II Lens: http://amzn.to/1Y79zeM
Rode Video Mic GO: http://amzn.to/1WDKtVM
Joby Gorilla Pod: http://amzn.to/1PgoY5F
SanDisk 16GB Extreme Pro: http://amzn.to/25KEErs
SOCIAL MEDIA & TRAVEL BLOGS
AUDREY:
blog: http://thatbackpacker.com/
instagram: https://www.instagram.com/thatbackpacker/
fac...

Dresden Vacation Travel Video Guide

Travel video about destination Dresden.
Dresden is the capital of the GermanFree State of Saxony and a major centre of culture with a remarkable history. Although almost completely destroyed at the end of the Second World War and for many years hidden behind the Iron Curtain, today the city shines out in all of its former splendour. As a centre of art and science, Dresden Castle contains a number of collections that are well known throughout the world and draw international visitors to this most ambitiously-conceived and successful project. Close by, the stable courtyard is the world's oldest original TournamentArena of its kind. The Tuscan-arched arcades originated in the Renaissance period and were used by spectators during various tournaments and entertainments. Count Brühl, a foll...

Wall Street, New York City

Tips and Tricks for a Family Trip to Beijing

Eating scorpions on a stick and carrying a little one up the Great Wall of China are part of the fun of visiting the Chinese capital of Beijing with your children. WSJ contributor HeidiMitchell discusses on LunchBreak. Photo: Heidi Mitchell
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
Visit the WSJ channel for more video:
https://www.youtube.com/wsjdigitalnetwork
More from the Wall Street Journal:
Visit WSJ.com: http://online.wsj.com/home-page
Follow WSJ on Facebook:
http://www.facebook.com/wsjlive
Follow WSJ on Google+: https://plus.google.com/+wsj/posts
Follow WSJ on Twitter: https://twitter.com/WSJLive
Follow WSJ on Instagram: http://instagram.com/wsj
Follow WSJ on Pinterest: http://www.pinterest.com/wsj/
Follow WSJ on Tumblr: http://www.tumblr.com/tagged/wall-street-jo...

Don't forget to hit Subscribe.
Join our slow-travel journey around the world – Almost daily travel vids + food + digital nomad podcasts.
Remy graduated from MIT in Boston, MA with a Masters in programming (one of the most prestigious technology schools in America..) then worked in finance in New York. Needless to say he's broken free of the system. Now he's an entrepreneur working remotely making money online while traveling the world. Including all over Asia and Europe. He works remotely for a technology startup based in Boston and is also an online 'passive income' entrepreneur / investor.
He's also a fitness beast.
https://www.instagram.com/remymock/
Goes without mentioning guys, but he read The 4-Hour Workweek by Tim Ferriss before starting this adventure. So check that out if y...

published: 09 May 2017

Airline Travel Tips

Scott McCartney on LunchBreak shares his favorite simple travel tips. Put a shoe you wear when flying into the room safe with your passport so you'll never leave the passport behind when you leave. Tear off little paper with the room number when you check into a hotel and keep it handy so you don't have to remember. Print boarding passes in advance to claim your seat and reduce chances of getting bumped. We discuss the perils of calling home from a business trip when you're having fun and your spouse is ankle deep in diapers, proper prep for TSA body scanners, tips on cash aboard and why you should ribbon your black suitcase and put a business card inside.

published: 28 Mar 2012

Views of Wall Street - Ordinary And Not Glamorous Looking

Check out "Know Before You Go To New York: Travel Tips From A Licensed New York CityTour Guide:" http://knowbeforeyougonewyork.com/
The BlueGuide New York provides lots more about fun places to visit in New York City. Click on http://amzn.to/1OpOjvO.
The words "Wall Street" conjure up images of huge marble-columned buildings, bustling crowds, power brokers dressed in $2000 suits. At least that's the image you tend to get from TV and the movies.
My first vidit to Wall Street was a bit deflating. Granted the facade of the New York Stock exchange (not actually located on Wall Street, by the way, but on Nassau St.) and Federal Hall (where George Washington first took the oath of office) are impressive. But Wall Street itself is surprisingly narrow, relatively short and very ordinary looki...

published: 05 Jan 2013

New York City Walking Tour by New York Tour1-Part 1: Midtown Manhattan

NEW YORK CITY, walking around the financial district of WALL STREET (USA)

SUBSCRIBE: http://www.youtube.com/c/VicStefanu - Let's walk around this famous part of New York City on a very cold day in the winter and and let's see what it ...

SUBSCRIBE: http://www.youtube.com/c/VicStefanu - Let's walk around this famous part of New York City on a very cold day in the winter and and let's see what it feels like and what one can see. Vic Stefanu, vstefanu@yahoo.com

SUBSCRIBE: http://www.youtube.com/c/VicStefanu - Let's walk around this famous part of New York City on a very cold day in the winter and and let's see what it feels like and what one can see. Vic Stefanu, vstefanu@yahoo.com

Tokyo Vacation Travel Guide | Expedia

https://www.expedia.com/Tokyo.d179900.Destination-Travel-Guides
Welcome to Tokyo, the capital of Japan and the epitome of the word “megacity.”
In this vast me...

https://www.expedia.com/Tokyo.d179900.Destination-Travel-Guides
Welcome to Tokyo, the capital of Japan and the epitome of the word “megacity.”
In this vast metropolis, ancient traditions blend with futuristic buildings, and your Tokyo sightseeing will take you to representations of each. Pay your respects at temples set in forested hillsides, then flex your credit card in one of the shopping districts, before sitting down to a five-star meal…all in one day.
Your Tokyo tour begins with the subway and train system, which will take you all over this sprawling city. Tokyo is home to some 35 million people, many of which you’ll meet as its public transit carries you throughout its many neighborhoods. Make a stop in Asakusa, a temple district nestled in leafy trees with skyscrapers towering in the background. There you’ll visit Nakamisi Dori, a street loaded with food vendors and religious charms. Get to know the city a little better in the Harajuku district, home to cutting-edge fashion, a thriving, youth-centered culture, and the famous Yoyogi Park. The park stands out in stern contrast to the rest of the neighborhood; this sprawling, 134-acre green space is where locals slow down after a frenzied week of work and play.
As night falls, make your way to Shinjuku. Many of Tokyo’s premier restaurants and pubs span Shinjuku’s streets, and you can indulge in succulent 5-star meals or sample with fast food from local vendors. Watch a movie, do some karaoke, and linger with fellow travelers and friendly locals alike.
What was your favorite part of Tokyo?
Visit our Tokyo travel guide page for more information or to plan your next vacation!
--------------------------------------------------------------------------------------
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Twitter: https://twitter.com/Expedia
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Instagram: http://instagram.com/expedia
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--------------------------------------------------------------------------------------
Follow us on our travel blog, Viewfinder:
http://viewfinder.expedia.com/

https://www.expedia.com/Tokyo.d179900.Destination-Travel-Guides
Welcome to Tokyo, the capital of Japan and the epitome of the word “megacity.”
In this vast metropolis, ancient traditions blend with futuristic buildings, and your Tokyo sightseeing will take you to representations of each. Pay your respects at temples set in forested hillsides, then flex your credit card in one of the shopping districts, before sitting down to a five-star meal…all in one day.
Your Tokyo tour begins with the subway and train system, which will take you all over this sprawling city. Tokyo is home to some 35 million people, many of which you’ll meet as its public transit carries you throughout its many neighborhoods. Make a stop in Asakusa, a temple district nestled in leafy trees with skyscrapers towering in the background. There you’ll visit Nakamisi Dori, a street loaded with food vendors and religious charms. Get to know the city a little better in the Harajuku district, home to cutting-edge fashion, a thriving, youth-centered culture, and the famous Yoyogi Park. The park stands out in stern contrast to the rest of the neighborhood; this sprawling, 134-acre green space is where locals slow down after a frenzied week of work and play.
As night falls, make your way to Shinjuku. Many of Tokyo’s premier restaurants and pubs span Shinjuku’s streets, and you can indulge in succulent 5-star meals or sample with fast food from local vendors. Watch a movie, do some karaoke, and linger with fellow travelers and friendly locals alike.
What was your favorite part of Tokyo?
Visit our Tokyo travel guide page for more information or to plan your next vacation!
--------------------------------------------------------------------------------------
Follow us on social media:
Twitter: https://twitter.com/Expedia
Facebook: https://www.facebook.com/expedia
Instagram: http://instagram.com/expedia
Pinterest: http://www.pinterest.com/Expedia/
Google+: https://plus.google.com/+Expedia
--------------------------------------------------------------------------------------
Follow us on our travel blog, Viewfinder:
http://viewfinder.expedia.com/

Travel video about destination Dresden.
Dresden is the capital of the GermanFree State of Saxony and a major centre of culture with a remarkable history. Although almost completely destroyed at the end of the Second World War and for many years hidden behind the Iron Curtain, today the city shines out in all of its former splendour. As a centre of art and science, Dresden Castle contains a number of collections that are well known throughout the world and draw international visitors to this most ambitiously-conceived and successful project. Close by, the stable courtyard is the world's oldest original TournamentArena of its kind. The Tuscan-arched arcades originated in the Renaissance period and were used by spectators during various tournaments and entertainments. Count Brühl, a follower of Friedrich AugustThe Second, was presented with the Elb Wall as a gift and had a mile-long walkway built for the nobility. It is known as The Balcony of Europe and is located ten metres above the banks of the River Elbe. Meissen is well known for the porcelain of the same name. In the Meissen factory each aspect of the manufacturing process can be observed, along with a presentation of the history of the famous porcelain. The centuries created such beauty that Dresden has been described as The Venice Of The East and Florence On The Elb. Today, the city is a harmony of both architecture and landscape, a brilliant work of art!

Travel video about destination Dresden.
Dresden is the capital of the GermanFree State of Saxony and a major centre of culture with a remarkable history. Although almost completely destroyed at the end of the Second World War and for many years hidden behind the Iron Curtain, today the city shines out in all of its former splendour. As a centre of art and science, Dresden Castle contains a number of collections that are well known throughout the world and draw international visitors to this most ambitiously-conceived and successful project. Close by, the stable courtyard is the world's oldest original TournamentArena of its kind. The Tuscan-arched arcades originated in the Renaissance period and were used by spectators during various tournaments and entertainments. Count Brühl, a follower of Friedrich AugustThe Second, was presented with the Elb Wall as a gift and had a mile-long walkway built for the nobility. It is known as The Balcony of Europe and is located ten metres above the banks of the River Elbe. Meissen is well known for the porcelain of the same name. In the Meissen factory each aspect of the manufacturing process can be observed, along with a presentation of the history of the famous porcelain. The centuries created such beauty that Dresden has been described as The Venice Of The East and Florence On The Elb. Today, the city is a harmony of both architecture and landscape, a brilliant work of art!

Check out "365GuideNew York City: Drink. Eat. Save. Every Day of the Year - A Guide to New York City Restaurants and Bars." http://amzn.to/1MCllIr.
Also see "The Best Things to Do in New York." http://amzn.to/1U3OVat.
Check out our "Know Before You Go To New York: Travel Tips From A Licensed New York City Tour Guide:" http://knowbeforeyougonewyork.com/
Stone Street is an historic street a few blocks from Wall Street and the New York Stock Exchange. It has a food court atmosphere, but offers lots of outdoor seating and draws customers from the Financial District during lunch hours. There are fast food places featuring burgers, pizza, fish, Chinese, and deli offerings, but there are also several sit-down, full-service restaurants where you can sit outdoors or indoors. Not easy to find since it's tucked away on a small street, but it's close to both the stock exchange and the famous Charging Bull sculpture that attracts hundreds of thousands of sightseers every year to Lower Manhattan.
Check out our "Know Before You Go To New York: Travel Tips From A Licensed New York City Tour Guide:" http://knowbeforeyougonewyork.com/

Check out "365GuideNew York City: Drink. Eat. Save. Every Day of the Year - A Guide to New York City Restaurants and Bars." http://amzn.to/1MCllIr.
Also see "The Best Things to Do in New York." http://amzn.to/1U3OVat.
Check out our "Know Before You Go To New York: Travel Tips From A Licensed New York City Tour Guide:" http://knowbeforeyougonewyork.com/
Stone Street is an historic street a few blocks from Wall Street and the New York Stock Exchange. It has a food court atmosphere, but offers lots of outdoor seating and draws customers from the Financial District during lunch hours. There are fast food places featuring burgers, pizza, fish, Chinese, and deli offerings, but there are also several sit-down, full-service restaurants where you can sit outdoors or indoors. Not easy to find since it's tucked away on a small street, but it's close to both the stock exchange and the famous Charging Bull sculpture that attracts hundreds of thousands of sightseers every year to Lower Manhattan.
Check out our "Know Before You Go To New York: Travel Tips From A Licensed New York City Tour Guide:" http://knowbeforeyougonewyork.com/

Eating scorpions on a stick and carrying a little one up the Great Wall of China are part of the fun of visiting the Chinese capital of Beijing with your children. WSJ contributor HeidiMitchell discusses on LunchBreak. Photo: Heidi Mitchell
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
Visit the WSJ channel for more video:
https://www.youtube.com/wsjdigitalnetwork
More from the Wall Street Journal:
Visit WSJ.com: http://online.wsj.com/home-page
Follow WSJ on Facebook:
http://www.facebook.com/wsjlive
Follow WSJ on Google+: https://plus.google.com/+wsj/posts
Follow WSJ on Twitter: https://twitter.com/WSJLive
Follow WSJ on Instagram: http://instagram.com/wsj
Follow WSJ on Pinterest: http://www.pinterest.com/wsj/
Follow WSJ on Tumblr: http://www.tumblr.com/tagged/wall-street-journal

Eating scorpions on a stick and carrying a little one up the Great Wall of China are part of the fun of visiting the Chinese capital of Beijing with your children. WSJ contributor HeidiMitchell discusses on LunchBreak. Photo: Heidi Mitchell
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
Visit the WSJ channel for more video:
https://www.youtube.com/wsjdigitalnetwork
More from the Wall Street Journal:
Visit WSJ.com: http://online.wsj.com/home-page
Follow WSJ on Facebook:
http://www.facebook.com/wsjlive
Follow WSJ on Google+: https://plus.google.com/+wsj/posts
Follow WSJ on Twitter: https://twitter.com/WSJLive
Follow WSJ on Instagram: http://instagram.com/wsj
Follow WSJ on Pinterest: http://www.pinterest.com/wsj/
Follow WSJ on Tumblr: http://www.tumblr.com/tagged/wall-street-journal

Don't forget to hit Subscribe.
Join our slow-travel journey around the world – Almost daily travel vids + food + digital nomad podcasts.
Remy graduated from MIT in Boston, MA with a Masters in programming (one of the most prestigious technology schools in America..) then worked in finance in New York. Needless to say he's broken free of the system. Now he's an entrepreneur working remotely making money online while traveling the world. Including all over Asia and Europe. He works remotely for a technology startup based in Boston and is also an online 'passive income' entrepreneur / investor.
He's also a fitness beast.
https://www.instagram.com/remymock/
Goes without mentioning guys, but he read The 4-Hour Workweek by Tim Ferriss before starting this adventure. So check that out if you haven't already. This is just another one of those 4 HourWorkweek success stories in my mind.
http://www.audible.com/pd/B0031AS3BE/
The other book mentioned - The Cash FlowQuadrant by Robert Kiyosaki .. entrepreneurship mindset 101 for getting started.
http://www.audible.com/pd/B009P8K404/
#chiangmai #thailand #podcast #digitalnomad #entrepreneur #onlinebusiness #4hourworkweek #livinthatlife
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
#hitmeup
👻 add me on snapchat
https://www.snapchat.com/add/pliez1000
📷 follow me on instagram
https://www.instagram.com/rileypliez/
👥 like the facebook page
https://www.facebook.com/livinthatlifetv
🌎 join our facebook group
https://www.facebook.com/groups/517030031824245/
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
📝 About this channel:
Riley quit his job in October 2014 and moved to Chiang Mai, Thailand with his best friend Parker for an ecommerce on a mission to build an online business in order to continue their dream of traveling the world.
After getting into Amazon selling and making some money online, they bought a vlog camera and started to to document the expat life out in SE Asia in September 2015, being highly influenced by other travel youtubers such as Jubril & Casey Neistat & Johnny FD. Livin That Life was born.
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
★ FAQ ★
🌏 How do you guys afford to travel? 🌏
👉 We work remotely running our ecommerce business, selling our products via Amazon FBA. Our 'Amazon 101' video is here -- https://www.youtube.com/playlist?list=PLIsHX7vpse9nOq9QnxAqnHvcmsafqK-_2
🌏 What camera do you use? 🌏
👉 iPhone 7 Plus & Canon Powershot G7X at night.
🌏 What is a DigitalNomad? 🌏
👉 Someone who works from their laptop and chooses to travel for fun, and/or because the cost of living is much less in other countries, in order to invest more money into their online business, while having an exotic lifestyle.
🌏 "I'm looking to quit my job & work remotely. How do I start?"🌏
(You the not alone)(We started from watching youtube too)
👉 Step #1 - Start by joining our FacebookCommunity
https://www.facebook.com/groups/517030031824245/
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
Also Follow + Hit me up on these other platforms:
👻 SNAPCHAT
https://www.snapchat.com/add/pliez1000
📷 INSTAGRAM
https://www.instagram.com/rileypliez/
👥 FACEBOOKPAGE
https://www.facebook.com/livinthatlifetv
🌎 FACEBOOK GROUP 💬 (Sharing travel & online biz tips)
https://www.facebook.com/groups/517030031824245/
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
➤ Behind the scenes. Snapchat story channel 📺https://www.youtube.com/RileyBennett1 – daily food & travel.
➤ Know another language? Help translate this!
http://www.youtube.com/timedtext_cs_panel?c=UCfKl9cAXbHNJWsZQjAYDjpQ&tab=2
Thanks for watching.
Enjoyed this video? Help spread the love.
Share it Facebook & Reddit 🚀❤️🌎

Don't forget to hit Subscribe.
Join our slow-travel journey around the world – Almost daily travel vids + food + digital nomad podcasts.
Remy graduated from MIT in Boston, MA with a Masters in programming (one of the most prestigious technology schools in America..) then worked in finance in New York. Needless to say he's broken free of the system. Now he's an entrepreneur working remotely making money online while traveling the world. Including all over Asia and Europe. He works remotely for a technology startup based in Boston and is also an online 'passive income' entrepreneur / investor.
He's also a fitness beast.
https://www.instagram.com/remymock/
Goes without mentioning guys, but he read The 4-Hour Workweek by Tim Ferriss before starting this adventure. So check that out if you haven't already. This is just another one of those 4 HourWorkweek success stories in my mind.
http://www.audible.com/pd/B0031AS3BE/
The other book mentioned - The Cash FlowQuadrant by Robert Kiyosaki .. entrepreneurship mindset 101 for getting started.
http://www.audible.com/pd/B009P8K404/
#chiangmai #thailand #podcast #digitalnomad #entrepreneur #onlinebusiness #4hourworkweek #livinthatlife
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
#hitmeup
👻 add me on snapchat
https://www.snapchat.com/add/pliez1000
📷 follow me on instagram
https://www.instagram.com/rileypliez/
👥 like the facebook page
https://www.facebook.com/livinthatlifetv
🌎 join our facebook group
https://www.facebook.com/groups/517030031824245/
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
📝 About this channel:
Riley quit his job in October 2014 and moved to Chiang Mai, Thailand with his best friend Parker for an ecommerce on a mission to build an online business in order to continue their dream of traveling the world.
After getting into Amazon selling and making some money online, they bought a vlog camera and started to to document the expat life out in SE Asia in September 2015, being highly influenced by other travel youtubers such as Jubril & Casey Neistat & Johnny FD. Livin That Life was born.
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
★ FAQ ★
🌏 How do you guys afford to travel? 🌏
👉 We work remotely running our ecommerce business, selling our products via Amazon FBA. Our 'Amazon 101' video is here -- https://www.youtube.com/playlist?list=PLIsHX7vpse9nOq9QnxAqnHvcmsafqK-_2
🌏 What camera do you use? 🌏
👉 iPhone 7 Plus & Canon Powershot G7X at night.
🌏 What is a DigitalNomad? 🌏
👉 Someone who works from their laptop and chooses to travel for fun, and/or because the cost of living is much less in other countries, in order to invest more money into their online business, while having an exotic lifestyle.
🌏 "I'm looking to quit my job & work remotely. How do I start?"🌏
(You the not alone)(We started from watching youtube too)
👉 Step #1 - Start by joining our FacebookCommunity
https://www.facebook.com/groups/517030031824245/
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
Also Follow + Hit me up on these other platforms:
👻 SNAPCHAT
https://www.snapchat.com/add/pliez1000
📷 INSTAGRAM
https://www.instagram.com/rileypliez/
👥 FACEBOOKPAGE
https://www.facebook.com/livinthatlifetv
🌎 FACEBOOK GROUP 💬 (Sharing travel & online biz tips)
https://www.facebook.com/groups/517030031824245/
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
➤ Behind the scenes. Snapchat story channel 📺https://www.youtube.com/RileyBennett1 – daily food & travel.
➤ Know another language? Help translate this!
http://www.youtube.com/timedtext_cs_panel?c=UCfKl9cAXbHNJWsZQjAYDjpQ&tab=2
Thanks for watching.
Enjoyed this video? Help spread the love.
Share it Facebook & Reddit 🚀❤️🌎

Airline Travel Tips

Scott McCartney on LunchBreak shares his favorite simple travel tips. Put a shoe you wear when flying into the room safe with your passport so you'll never lea...

Scott McCartney on LunchBreak shares his favorite simple travel tips. Put a shoe you wear when flying into the room safe with your passport so you'll never leave the passport behind when you leave. Tear off little paper with the room number when you check into a hotel and keep it handy so you don't have to remember. Print boarding passes in advance to claim your seat and reduce chances of getting bumped. We discuss the perils of calling home from a business trip when you're having fun and your spouse is ankle deep in diapers, proper prep for TSA body scanners, tips on cash aboard and why you should ribbon your black suitcase and put a business card inside.

Scott McCartney on LunchBreak shares his favorite simple travel tips. Put a shoe you wear when flying into the room safe with your passport so you'll never leave the passport behind when you leave. Tear off little paper with the room number when you check into a hotel and keep it handy so you don't have to remember. Print boarding passes in advance to claim your seat and reduce chances of getting bumped. We discuss the perils of calling home from a business trip when you're having fun and your spouse is ankle deep in diapers, proper prep for TSA body scanners, tips on cash aboard and why you should ribbon your black suitcase and put a business card inside.

Check out "Know Before You Go To New York: Travel Tips From A Licensed New York CityTour Guide:" http://knowbeforeyougonewyork.com/
The BlueGuide New York provides lots more about fun places to visit in New York City. Click on http://amzn.to/1OpOjvO.
The words "Wall Street" conjure up images of huge marble-columned buildings, bustling crowds, power brokers dressed in $2000 suits. At least that's the image you tend to get from TV and the movies.
My first vidit to Wall Street was a bit deflating. Granted the facade of the New York Stock exchange (not actually located on Wall Street, by the way, but on Nassau St.) and Federal Hall (where George Washington first took the oath of office) are impressive. But Wall Street itself is surprisingly narrow, relatively short and very ordinary looking.
And you'll find more burmuda-shorted tourists wanderng around than well-dressed financiers - at least in the summer.
I shot this video during my first visit to the financial district in Lower Manhattan in July 2012. Also see http://bestnewyorkvideos.com/wall-street-what-does-it-really-look-like/

Check out "Know Before You Go To New York: Travel Tips From A Licensed New York CityTour Guide:" http://knowbeforeyougonewyork.com/
The BlueGuide New York provides lots more about fun places to visit in New York City. Click on http://amzn.to/1OpOjvO.
The words "Wall Street" conjure up images of huge marble-columned buildings, bustling crowds, power brokers dressed in $2000 suits. At least that's the image you tend to get from TV and the movies.
My first vidit to Wall Street was a bit deflating. Granted the facade of the New York Stock exchange (not actually located on Wall Street, by the way, but on Nassau St.) and Federal Hall (where George Washington first took the oath of office) are impressive. But Wall Street itself is surprisingly narrow, relatively short and very ordinary looking.
And you'll find more burmuda-shorted tourists wanderng around than well-dressed financiers - at least in the summer.
I shot this video during my first visit to the financial district in Lower Manhattan in July 2012. Also see http://bestnewyorkvideos.com/wall-street-what-does-it-really-look-like/

published:05 Jan 2013

views:34

back

New York City Walking Tour by New York Tour1-Part 1: Midtown Manhattan

New York City (New York) Vacation Travel Video Guide

Vacation travel video about destination New York City in New York.
New York continues to be one of the world’s most famous cities, a true world metropolis and m...

Vacation travel video about destination New York City in New York.
New York continues to be one of the world’s most famous cities, a true world metropolis and major symbol of the American Dream. Manhattan Island is the city’s most well known district and the Rockefeller Center in Midtown is often referred to as the heart of the New York. Nearby the Roman CatholicSaint Patrick´s Cathedral is the largest and most magnificent church in the United States. The GrandCentral Terminal divides Park Avenue and is a huge station with which the railroad kings, the Venderbilts, left an indelible mark. The huge hall, with its magnificent vaulted ceiling in Beaux Arts style, has been the city’s central railway station for twelve lines since 1913. The confines of Chinatown are inhabited by a hundred and fifty thousand Chinese from China, Taiwan and Hong Kong, most of whom are unable to speak a word of English. Chinese characters wherever one looks and restaurants and Asian stores on every street corner. The famous Wall Street was named after a wall which in the early days protected the growing city against attack by Native American Indians. However, the roots of its subsequent claim to fame were laid in 1792. The young state desperately needed investment and therefore the powers that be decided to issue bonds. Close by, on a small island, is New York’s most famous landmark, the Statue Of Liberty. The head of Lady Liberty leads to the crown from which there are stunning views from several windows. New York City is most certainly unique. A city that’s very much alive and kicking, self-confident and always a surprise!
--------------
Watch more travel videos ► https://goo.gl/MXPgSs
Join us. Subscribe now! ► https://goo.gl/awdDrh
Be our fan on Facebook ► http://goo.gl/0xmbQk
Follow us on Twitter ► http://goo.gl/334ln5
--------------
Thanks for all your support, rating the video and leaving a comment is always appreciated!
Please: respect each other in the comments.
Expoza Travel is taking you on a journey to the earth's most beautiful and fascinating places. Get inspiration and essentials with our travel guide videos and documentaries for your next trip, holiday, vacation or simply enjoy and get tips about all the beauty in the world...
It is yours to discover!

Vacation travel video about destination New York City in New York.
New York continues to be one of the world’s most famous cities, a true world metropolis and major symbol of the American Dream. Manhattan Island is the city’s most well known district and the Rockefeller Center in Midtown is often referred to as the heart of the New York. Nearby the Roman CatholicSaint Patrick´s Cathedral is the largest and most magnificent church in the United States. The GrandCentral Terminal divides Park Avenue and is a huge station with which the railroad kings, the Venderbilts, left an indelible mark. The huge hall, with its magnificent vaulted ceiling in Beaux Arts style, has been the city’s central railway station for twelve lines since 1913. The confines of Chinatown are inhabited by a hundred and fifty thousand Chinese from China, Taiwan and Hong Kong, most of whom are unable to speak a word of English. Chinese characters wherever one looks and restaurants and Asian stores on every street corner. The famous Wall Street was named after a wall which in the early days protected the growing city against attack by Native American Indians. However, the roots of its subsequent claim to fame were laid in 1792. The young state desperately needed investment and therefore the powers that be decided to issue bonds. Close by, on a small island, is New York’s most famous landmark, the Statue Of Liberty. The head of Lady Liberty leads to the crown from which there are stunning views from several windows. New York City is most certainly unique. A city that’s very much alive and kicking, self-confident and always a surprise!
--------------
Watch more travel videos ► https://goo.gl/MXPgSs
Join us. Subscribe now! ► https://goo.gl/awdDrh
Be our fan on Facebook ► http://goo.gl/0xmbQk
Follow us on Twitter ► http://goo.gl/334ln5
--------------
Thanks for all your support, rating the video and leaving a comment is always appreciated!
Please: respect each other in the comments.
Expoza Travel is taking you on a journey to the earth's most beautiful and fascinating places. Get inspiration and essentials with our travel guide videos and documentaries for your next trip, holiday, vacation or simply enjoy and get tips about all the beauty in the world...
It is yours to discover!

Do you feel overwhelmed when it comes to cleaning your home? Do you not have enough time in your busy life to take care of your house cleaning needs? We pride ourselves on our friendly, honest, and professional staff. Give us a call today at 877-933-6842 and let us tell you about the range of our custom and tailored services.

published: 28 Nov 2016

Wall Street Cleaners Frisco TX

Wall Street Cleaners Frisco TXhttp://local.dallasnews.com/b23177454/Wall+Street+Cleaners?type=
You can count on Wall Street Cleaners. With many years of experience to draw upon, we are the perfect choice for your delicate fabrics Cleaning of all types of fabrics, Shirt service, Leather and fur cleaning, Drapery cleaning, Comfortor and bed spread cleaning, Folded laundry service, Hotel service, Expert clothing repair and alterations

Do you feel overwhelmed when it comes to cleaning your home? Do you not have enough time in your busy life to take care of your house cleaning needs? We pride ...

Do you feel overwhelmed when it comes to cleaning your home? Do you not have enough time in your busy life to take care of your house cleaning needs? We pride ourselves on our friendly, honest, and professional staff. Give us a call today at 877-933-6842 and let us tell you about the range of our custom and tailored services.

Do you feel overwhelmed when it comes to cleaning your home? Do you not have enough time in your busy life to take care of your house cleaning needs? We pride ourselves on our friendly, honest, and professional staff. Give us a call today at 877-933-6842 and let us tell you about the range of our custom and tailored services.

Wall Street Warriors | Episode 7 Season 3 "The Meltdown" [HD]

"The Meltdown" is the seventh episode of Season 3 of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
Episode 7 "The Meltdown"
Markets are crashing, credit is drying up, panic sweeps over Wall Street and the world as major investment banks fail. We witness history as Tony finds himself caught in a near-riot when the government bailout causes angry crowds to turn their wrath on the financial district. In a nearby building, Phil and Ken are watching from above and feel trapped as the protestors surround the New York Stock Exchange. Meanwhile, in midtown, Hedge Funds are foldi...

published: 04 Aug 2016

Wall Street Warriors | Episode 9 Season 3 "The Beatdown" [HD]

"The Beatdown" is the ninth episode of Season 3 of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
"THE BEATDOWN"
Tony is seriously concerned over the fate of his trading account as 10 years of gains disappear in the market. He's so worried that his wife talks him into seeing a clairvoyant to get some advice about the future.
Phil, meanwhile, is visiting a boxing gym where he tries to convince a few boxing champions to be his clients. It isn't long before he's thrown into the ring to test his metal.
Next, Rich Tag interviews the head of a hedge fund that has an ingenious ...

published: 25 Sep 2016

NAV Model (Oil & Gas): Production Decline Curve

When you're valuing an E&P (Exploration & Production) company, the Net Asset Value (NAV) Model is the key methodology.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
UNLIKE in a DCF, where cash flow growth is assumed into infinity, in a NAV model you assume the company's cash flows go to $0 eventually as it completely produces all of its reserves and has nothing left.
A granular NAV model is complex, but it comes down to a 2-step process:
Step 1: Model the company's existing production from wells it already has... and assume a decline rate for the annual production each year, also assuming commodity prices to determine revenue, and linking operating expenses to production and calculating cash flow like that.
Step ...

published: 25 Feb 2014

Free Cash Flow: How to Interpret It and Use It In a Valuation

You'll learn what "FreeCash Flow" (FCF) means, why it's such an important metric when analyzing and valuing companies.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn how to interpret positive vs. negative FCF, and what different numbers over time mean -- using a comparison between Wal-Mart, Amazon, and Salesforce as our example.
Table of Contents:
0:54 What Free Cash Flow (FCF) is and Why It's Important
2:26 What Positive FCF Tells You, and What to Do With It
3:56 What Negative FCF Tells You, and What to Do With It
4:38 Why You Exclude Most Investing and Financing Activities in the FCF Calculation
7:55 How to Use and Interpret FCF When Analyzing Companies
11:58 Wal-Mart vs. Amazon vs. Salesf...

published: 20 May 2014

Enterprise Value: Why You Add and Subtract Items

In this Enterprise Value lesson we take a look at the rules of thumb to figure out what should be added or subtracted when you calculate it.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
This also covers a short case study based on Vivendi (a leading media/telecom conglomerate based in France),
Everyone knows the definition of Enterprise Value: Take Equity Value, add Debt and Preferred Stock (and others), and subtract Cash...
But WHY do you do any of that?
Enterprise Value represents the value of the company's CORE BUSINESS OPERATIONS to ALL THE INVESTORS in the company - equity, debt, preferred stock, etc.
So focus on OPERATIONAL ITEMS and ALL INVESTORS when thinking about what to include... and what to exclu...

published: 03 Jun 2014

LBO Model Tutorial - Full DELL Case Study with Templates (Part 1)

In this LBOModel tutorial, we walk through Silver Lake's $24 billion leveraged buyout of Dell and explain the tasks you might have to complete if you were to analyze this deal as part of a case study in a private equity interview.
By http://www.mergersandinquisitions.com/ "Break Into Investment Banking or Private Equity, The Easy Way"
Among other topics, we cover typical LBO case study questions to expect, why this particular deal was so unusual, and how to begin gathering data from industry reports, equity research, Dell's filings and investor presentations, and other sources.
Then, we delve into how the transaction assumptions are set up, why the calculation for debt and equity is somewhat unusual, and how to factor in Michael Dell's equity rollover and cash contribution and the compan...

published: 21 Feb 2013

PDA Roundtable July 2015

Wall Street Greed: Financial Crises Since 3500 BCE (CC)

Notes for Economics
www.saseassociates.com
In this video, we explore the the history of 19th-century thought and apply it to an analysis financial crises from Sumerian times to the present age. The take-away is that these economic booms and busts have continued to occur and reoccur over the millenia. Therefore, to sketch the profound changes of economic cycles we turn to some of the more esoteric economic thought to explore the subject in the context of multi-millenial Cultural and EmpireCycles all the way down to the more conventional Business Cycle.
To accomplish this task, we review the economic, social, political, and cultural thoughts of polymaths such as Jeremy Bentham, John Stuart Mill, Johann von Goethe, John Ruskin, Benjamin Diraeli, Rudolf Steiner, and others and incorporate th...

published: 19 Sep 2014

7 Growth Strategies To Scale From $0 to $100 Million Company W/ Patrick Bet-David

The opportunity for your personal brand is greater than the opportunity for your business' brand. The people who ask, "Do you really need both?" are failing to see this truth. With a personal brand, you are able to differentiate yourself from the competition in a wildly unique way. The landscape caters to individuality; it’s a platform for self-expression. However, with a business’ brand, the story behind the product or service inevitably gets diluted by the fact that it is a product or service...Listen to this Episode on Spotify: http://spoti.fi/2Bwehgg
Download and Subscribe to the Podcast on iTunes: http://apple.co/2BHtRYT
SUBSCRIBE FOR DAILY VIDEOS ▶︎ http://tailopez.com/subscribe
🔊 LISTEN TO DAILY PODCAST on ITUNES ▶︎ https://tailopez.com/podcastyt
📚 Tai's Recommended BookList: h...

published: 22 Dec 2017

'State of Surveillance' with Edward Snowden and Shane Smith (VICE on HBO: Season 4, Episode 13)

When NSA whistleblower Edward Snowden leaked details of massive government surveillance programs in 2013, he ignited a raging debate over digital privacy and security. That debate came to a head this year, when Apple refused an FBI court order to access the iPhone of alleged San BernardinoTerroristSyed Farook. Meanwhile, journalists and activists are under increasing attack from foreign agents. To find out the government's real capabilities, and whether any of us can truly protect our sensitive information, VICE founder Shane Smith heads to Moscow to meet the man who started the conversation, Edward Snowden.
VICE on HBOSeason 1: http://bit.ly/1BAQdq5
VICE on HBO Season 2:http://bit.ly/1LBL8y6
VICE on HBO Season 3:http://bit.ly/1XaNpct
Check out VICE News' continuing coverage of Edward...

published: 08 Jun 2016

WATER, the New Domain of Mega Banks

WATER, the New Domain of MegaBanks.
Water is now becoming the new domain of the mega-banks, such as, Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank,
Credit Suisse, Barclays Bank, the Blackstone Group, Allianz, HSBCBank and also of high ultra-wealth individuals like T. Boone Pickens and the Bush family. The drive to own control and charge more for the earth's water sources is real. And the definition of 'Water' is very encompassing and includes far more than the ordinary person may think. “water,” includes water rights (i.e., the right to tap groundwater, aquifers, and rivers), land with bodies of water on it or under it (i.e., lakes, ponds, and natural springs on the surface, or groundwater underneath), desalination projects, water-purification and treatment technologie...

published: 16 Apr 2015

PBS NewsHour full episode March 1, 2018

Thursday on the NewsHour, tensions brew among White House staff as one of the president's closest aides leaves. Also: PresidentTrump's controversial new tariffs on foreign steel and aluminum, Russia's boasts about new weapons, Jared Kushner's business dealings, women claim pattern of discrimination at the U.S.Forest Service, corporate responses to the gun debate and why music is key to learning.

Within the first 20 years after slavery ended we, Blacks, had our own fully functional, economically sound communities. We had our own life insurance companies, banks, dry cleaners, merchants, doctors, lawyers, clergy, etc. The black dollar was turning over more than 10 times before leaving our neighborhoods. However, white people were enraged by the false proganda presented to them about black people. Fear was placed in them, for no reason. Propaganda like "Birth of A Nation" caused extreme fright and this caused white Americans to become jealous and enraged. They literally went door to door and burned our communities down. We had "Little Africas" and "Black WallStreets". Even after the breakdown of our families, bodies, minds and souls during slavery, we had our economy and a strong f...

"The Meltdown" is the seventh episode of Season 3 of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
Episode 7 "The Meltdown"
Markets are crashing, credit is drying up, panic sweeps over Wall Street and the world as major investment banks fail. We witness history as Tony finds himself caught in a near-riot when the government bailout causes angry crowds to turn their wrath on the financial district. In a nearby building, Phil and Ken are watching from above and feel trapped as the protestors surround the New York Stock Exchange. Meanwhile, in midtown, Hedge Funds are folding everywhere and Rich estimates 60% are going to go out of business.
DRAMATIS PERSONAE:
1.) THE FLOOR TRADERS:
DOUG (SPX Trader)
BEN (Volatility Trader)
The show captures the visceral thrill of trading hand-to-hand in the open outcry pits in Chicago. We profile how these two working-class guys became the business world’s least-likely tycoons. We follow them as they trade the ups-and-downs of the market with their own money. Colorful characters abound on all sides of these tight-knit but cut-throat environments. However, these masters of the free market may prove vulnerable as computers begin making the open-outcry obsolete.
THE ONLINE BROKERAGE HOUSE:
KRISTINE (CFO)
TONY (options trader)
This pioneering and edgy firm is the future of Wall Street. Cutting out the middle man and going right to a growing class of new private traders, Thinkorswim’s CFO, Kristi Ross, fights to keep the start-up growing and running smoothly while nearby Tony Battista trades his own money and shows people how they, too, can make it in the markets. However, when the credit crisis hit all the rules of the game change on them.
3.) THE HEDGE FUNDE: RICHARD
The man with the money, Rich Taglianetti is a jet-setter who puts together some
of the wealthiest clients on the planet with some of the best undiscovered
hedge fund managers. With a knack for finding great Wall Street talent, he's the
guy who makes the rich richer.
4.) THE STOCK BROKERS:
PHILIP & KENPhilip and his brother, Ken, run their own brokerage firm located right on Wall
Street. With great style and attitude, they try to capture high profile
celebrity clients and keep them happy by growing their money in these
turbulent times. When the markets begin to crash, things don’t go quite as
planned.

"The Meltdown" is the seventh episode of Season 3 of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
Episode 7 "The Meltdown"
Markets are crashing, credit is drying up, panic sweeps over Wall Street and the world as major investment banks fail. We witness history as Tony finds himself caught in a near-riot when the government bailout causes angry crowds to turn their wrath on the financial district. In a nearby building, Phil and Ken are watching from above and feel trapped as the protestors surround the New York Stock Exchange. Meanwhile, in midtown, Hedge Funds are folding everywhere and Rich estimates 60% are going to go out of business.
DRAMATIS PERSONAE:
1.) THE FLOOR TRADERS:
DOUG (SPX Trader)
BEN (Volatility Trader)
The show captures the visceral thrill of trading hand-to-hand in the open outcry pits in Chicago. We profile how these two working-class guys became the business world’s least-likely tycoons. We follow them as they trade the ups-and-downs of the market with their own money. Colorful characters abound on all sides of these tight-knit but cut-throat environments. However, these masters of the free market may prove vulnerable as computers begin making the open-outcry obsolete.
THE ONLINE BROKERAGE HOUSE:
KRISTINE (CFO)
TONY (options trader)
This pioneering and edgy firm is the future of Wall Street. Cutting out the middle man and going right to a growing class of new private traders, Thinkorswim’s CFO, Kristi Ross, fights to keep the start-up growing and running smoothly while nearby Tony Battista trades his own money and shows people how they, too, can make it in the markets. However, when the credit crisis hit all the rules of the game change on them.
3.) THE HEDGE FUNDE: RICHARD
The man with the money, Rich Taglianetti is a jet-setter who puts together some
of the wealthiest clients on the planet with some of the best undiscovered
hedge fund managers. With a knack for finding great Wall Street talent, he's the
guy who makes the rich richer.
4.) THE STOCK BROKERS:
PHILIP & KENPhilip and his brother, Ken, run their own brokerage firm located right on Wall
Street. With great style and attitude, they try to capture high profile
celebrity clients and keep them happy by growing their money in these
turbulent times. When the markets begin to crash, things don’t go quite as
planned.

"The Beatdown" is the ninth episode of Season 3 of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
"THE BEATDOWN"
Tony is seriously concerned over the fate of his trading account as 10 years of gains disappear in the market. He's so worried that his wife talks him into seeing a clairvoyant to get some advice about the future.
Phil, meanwhile, is visiting a boxing gym where he tries to convince a few boxing champions to be his clients. It isn't long before he's thrown into the ring to test his metal.
Next, Rich Tag interviews the head of a hedge fund that has an ingenious plan to profit from companies with bad patents. He likes the idea so much he takes it immediately to one of his wealthy investors, Mr. Fox. Fox gives him $10 million on the spot.
In the open outcry pits, Doug talks about pit culture. We explore how, like high school, clicks develop; there are traders Doug likes and traders he can't stand. Also, we learn about all the wild pranks that go on on the floor and how the Chicago baseball rivalry between the Sox and the Cubs can divide the pit into opposing groups.
DRAMATIS PERSONAE:
1.) THE FLOOR TRADERS:
DOUG (SPX Trader)
BEN (Volatility Trader)
The show captures the visceral thrill of trading hand-to-hand in the open outcry pits in Chicago. We profile how these two working-class guys became the business world’s least-likely tycoons. We follow them as they trade the ups-and-downs of the market with their own money. Colorful characters abound on all sides of these tight-knit but cut-throat environments. However, these masters of the free market may prove vulnerable as computers begin making the open-outcry obsolete.
THE ONLINE BROKERAGE HOUSE:
KRISTINE (CFO)
TONY (options trader)
This pioneering and edgy firm is the future of Wall Street. Cutting out the middle man and going right to a growing class of new private traders, Thinkorswim’s CFO, Kristi Ross, fights to keep the start-up growing and running smoothly while nearby Tony Battista trades his own money and shows people how they, too, can make it in the markets. However, when the credit crisis hit all the rules of the game change on them.
3.) THE HEDGE FUNDE: RICHARD
The man with the money, Rich Taglianetti is a jet-setter who puts together some
of the wealthiest clients on the planet with some of the best undiscovered
hedge fund managers. With a knack for finding great Wall Street talent, he's the
guy who makes the rich richer.
4.) THE STOCK BROKERS:
PHILIP & KENPhilip and his brother, Ken, run their own brokerage firm located right on Wall
Street. With great style and attitude, they try to capture high profile
celebrity clients and keep them happy by growing their money in these
turbulent times. When the markets begin to crash, things don’t go quite as
planned.

"The Beatdown" is the ninth episode of Season 3 of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
"THE BEATDOWN"
Tony is seriously concerned over the fate of his trading account as 10 years of gains disappear in the market. He's so worried that his wife talks him into seeing a clairvoyant to get some advice about the future.
Phil, meanwhile, is visiting a boxing gym where he tries to convince a few boxing champions to be his clients. It isn't long before he's thrown into the ring to test his metal.
Next, Rich Tag interviews the head of a hedge fund that has an ingenious plan to profit from companies with bad patents. He likes the idea so much he takes it immediately to one of his wealthy investors, Mr. Fox. Fox gives him $10 million on the spot.
In the open outcry pits, Doug talks about pit culture. We explore how, like high school, clicks develop; there are traders Doug likes and traders he can't stand. Also, we learn about all the wild pranks that go on on the floor and how the Chicago baseball rivalry between the Sox and the Cubs can divide the pit into opposing groups.
DRAMATIS PERSONAE:
1.) THE FLOOR TRADERS:
DOUG (SPX Trader)
BEN (Volatility Trader)
The show captures the visceral thrill of trading hand-to-hand in the open outcry pits in Chicago. We profile how these two working-class guys became the business world’s least-likely tycoons. We follow them as they trade the ups-and-downs of the market with their own money. Colorful characters abound on all sides of these tight-knit but cut-throat environments. However, these masters of the free market may prove vulnerable as computers begin making the open-outcry obsolete.
THE ONLINE BROKERAGE HOUSE:
KRISTINE (CFO)
TONY (options trader)
This pioneering and edgy firm is the future of Wall Street. Cutting out the middle man and going right to a growing class of new private traders, Thinkorswim’s CFO, Kristi Ross, fights to keep the start-up growing and running smoothly while nearby Tony Battista trades his own money and shows people how they, too, can make it in the markets. However, when the credit crisis hit all the rules of the game change on them.
3.) THE HEDGE FUNDE: RICHARD
The man with the money, Rich Taglianetti is a jet-setter who puts together some
of the wealthiest clients on the planet with some of the best undiscovered
hedge fund managers. With a knack for finding great Wall Street talent, he's the
guy who makes the rich richer.
4.) THE STOCK BROKERS:
PHILIP & KENPhilip and his brother, Ken, run their own brokerage firm located right on Wall
Street. With great style and attitude, they try to capture high profile
celebrity clients and keep them happy by growing their money in these
turbulent times. When the markets begin to crash, things don’t go quite as
planned.

When you're valuing an E&P (Exploration & Production) company, the Net Asset Value (NAV) Model is the key methodology.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
UNLIKE in a DCF, where cash flow growth is assumed into infinity, in a NAV model you assume the company's cash flows go to $0 eventually as it completely produces all of its reserves and has nothing left.
A granular NAV model is complex, but it comes down to a 2-step process:
Step 1: Model the company's existing production from wells it already has... and assume a decline rate for the annual production each year, also assuming commodity prices to determine revenue, and linking operating expenses to production and calculating cash flow like that.
Step 2: Assume the company drills new wells in its PUD (Proved Undeveloped), PROB (Probable), and POSS (Possible) reserves.
The second step involves dozens of sub-steps and assumptions, but here we're just going to focus on ONE small part of this process: estimating the decline rate of a new well the company drills.
It starts off at a very high production rate, but then declines quickly within even the first year of its useful life - and we need to estimate the decline rates each year to build the rest of the model.
You COULD do lots of complicated math, try fitting hyperbolic or exponential functions, run a regression analysis, etc., but we suggest a much simpler approach here: if the company doesn't disclose data on its decline rates for individual wells, find data from another company operating in the same region and fit it to your company's "average" wells.
How to Do That:
Step 1: Find the company's key data, such as the EUR per well and IP rate per well in the region you're looking at.
Step 2: Now, see if the company discloses data on its own decline rates... if so, you're set!
If not, or if it's not enough, find another company operating in the region that discloses more data (EQT here), and go to that company's investor presentations to get the numbers.
Step 3: In the first year, assume that production is some % of 365 * IP Rate per Well... because there is a huge drop-off in daily production from Month 1 to Month 12 in that first year.
EQT's data shows 45%; we assume 60% here since UPL has a slightly flatter decline curve.
Step 4: Copy and paste the other company's decline rates into each year of your decline curve.
Step 5: Enter the correct formula for calculating annual production each year AFTER the initial year... here:
=MIN(AU129*(1+AT130),$AT$126-SUM(AU$129:AU129))
Want to take either Last YearProduction * (1 + Decline Rate) (the first part), or the total remaining reserves in this well (the second part).
Step 6: Set up Subtotal / Remainder / Total math and ensure that everything is produced.
Step 7: "Fit the data" using Goal Seek and the Factor - multiply each decline rate by a certain factor and use Goal Seek (Alt + A + W + G) to solve for the factor that makes the Subtotal equal to the EUR.
Step 8: Build in support for a different EUR by scaling the production up or down in the "Total" column.
Step 9: Allocate the production to oil vs. gas. vs. NGLs.
Step 10: Complete the Subtotal / Remainder / Total math at the bottom.
What Next?
Next, we'd complete this process for all the wells the company drills in every region, estimate revenue, expenses, and cash flow for each one, and then aggregate the discounted cash flow values in every region across all reserve types...
Which brings us closer to the implied NAV per share, which is what the NAV model is really all about.
Stay tuned for more!

When you're valuing an E&P (Exploration & Production) company, the Net Asset Value (NAV) Model is the key methodology.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
UNLIKE in a DCF, where cash flow growth is assumed into infinity, in a NAV model you assume the company's cash flows go to $0 eventually as it completely produces all of its reserves and has nothing left.
A granular NAV model is complex, but it comes down to a 2-step process:
Step 1: Model the company's existing production from wells it already has... and assume a decline rate for the annual production each year, also assuming commodity prices to determine revenue, and linking operating expenses to production and calculating cash flow like that.
Step 2: Assume the company drills new wells in its PUD (Proved Undeveloped), PROB (Probable), and POSS (Possible) reserves.
The second step involves dozens of sub-steps and assumptions, but here we're just going to focus on ONE small part of this process: estimating the decline rate of a new well the company drills.
It starts off at a very high production rate, but then declines quickly within even the first year of its useful life - and we need to estimate the decline rates each year to build the rest of the model.
You COULD do lots of complicated math, try fitting hyperbolic or exponential functions, run a regression analysis, etc., but we suggest a much simpler approach here: if the company doesn't disclose data on its decline rates for individual wells, find data from another company operating in the same region and fit it to your company's "average" wells.
How to Do That:
Step 1: Find the company's key data, such as the EUR per well and IP rate per well in the region you're looking at.
Step 2: Now, see if the company discloses data on its own decline rates... if so, you're set!
If not, or if it's not enough, find another company operating in the region that discloses more data (EQT here), and go to that company's investor presentations to get the numbers.
Step 3: In the first year, assume that production is some % of 365 * IP Rate per Well... because there is a huge drop-off in daily production from Month 1 to Month 12 in that first year.
EQT's data shows 45%; we assume 60% here since UPL has a slightly flatter decline curve.
Step 4: Copy and paste the other company's decline rates into each year of your decline curve.
Step 5: Enter the correct formula for calculating annual production each year AFTER the initial year... here:
=MIN(AU129*(1+AT130),$AT$126-SUM(AU$129:AU129))
Want to take either Last YearProduction * (1 + Decline Rate) (the first part), or the total remaining reserves in this well (the second part).
Step 6: Set up Subtotal / Remainder / Total math and ensure that everything is produced.
Step 7: "Fit the data" using Goal Seek and the Factor - multiply each decline rate by a certain factor and use Goal Seek (Alt + A + W + G) to solve for the factor that makes the Subtotal equal to the EUR.
Step 8: Build in support for a different EUR by scaling the production up or down in the "Total" column.
Step 9: Allocate the production to oil vs. gas. vs. NGLs.
Step 10: Complete the Subtotal / Remainder / Total math at the bottom.
What Next?
Next, we'd complete this process for all the wells the company drills in every region, estimate revenue, expenses, and cash flow for each one, and then aggregate the discounted cash flow values in every region across all reserve types...
Which brings us closer to the implied NAV per share, which is what the NAV model is really all about.
Stay tuned for more!

Free Cash Flow: How to Interpret It and Use It In a Valuation

You'll learn what "FreeCash Flow" (FCF) means, why it's such an important metric when analyzing and valuing companies.
By http://breakingintowallstreet.com/ "F...

You'll learn what "FreeCash Flow" (FCF) means, why it's such an important metric when analyzing and valuing companies.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn how to interpret positive vs. negative FCF, and what different numbers over time mean -- using a comparison between Wal-Mart, Amazon, and Salesforce as our example.
Table of Contents:
0:54 What Free Cash Flow (FCF) is and Why It's Important
2:26 What Positive FCF Tells You, and What to Do With It
3:56 What Negative FCF Tells You, and What to Do With It
4:38 Why You Exclude Most Investing and Financing Activities in the FCF Calculation
7:55 How to Use and Interpret FCF When Analyzing Companies
11:58 Wal-Mart vs. Amazon vs. Salesforce: Free Cash Flow Across Sectors
19:33 Recap and Summary
What is Free Cash Flow?
Normally it's defined as Cash Flow from Operations minus Capital Expenditures.
Tells you the company's DISCRETIONARY cash flow - after paying for expenses and working capital requirements like inventory and capital expenditures, how much cash flow can it put to use for other purposes?
If the company generates a lot of Free Cash Flow, it has many options:
hire more employees, spend more on working capital, invest in CapEx, invest in other securities, repay debt, issue dividends or repurchase shares, or even acquire other companies.
If FCF is negative, you need to dig in and see if it's a one-time issue or recurring problem, and then figure out why: Are sales declining? Are expenses too high? Is the company spending too much on CapEx?
If FCF is consistently negative, the company might have to raise debt or equity eventually, or it might have to restructure itself or cut costs in some other way.
Why Do You Exclude Most Investing and Financing Activities Other Than CapEx?
Because all other activities are, for the most part, "optional" and non-recurring.
A normal company does not NEED to buy stocks or issue dividends or repurchase shares... those are all optional uses of cash.
All it NEEDS to do to keep its business running is sell products to customers, pay for expenses, and keep investing in longer-term assets such as buildings and equipment (PP&E).
Debt repayment and interest expense are "borderline" because some variations of Free Cash Flow will include them, others will exclude them, and some will include interest expense but not debt principal repayment.
How Do You Use Free Cash Flow?
It's used in a DCF (or at least, a variation of it) to value a company; it's also used in a leveraged buyout (LBO) model to determine how much debt a company can repay.
And you can calculate it on a standalone basis for use when comparing different companies.
The key is to DIG IN and see why Free Cash Flow is changing the way it is - Organic sales growth? Artificial cost-cutting? Accounting gimmicks? Different working capital policies?
IDEALLY, FCF will be increasing because of higher units sales and/or higher market share, and/or higher margins due to economies of scale.
LessGood: FCF is growing due to cost-cutting, CapEx slashing, or FCF is growing in spite of falling sales and profits... because of a company playing games with Working Capital, non-core activities, or CapEx spending.
Wal-Mart vs. Amazon vs. Salesforce ComparisonMain takeaway here is that Wal-Mart's FCF is all over the place, but Cash Flow from Operations is MOSTLY growing, so that appears to be driven by the also growing organic sales.
The company is doing some odd things with CapEx and Working Capital, which led to fluctuations in FCF - not exactly "bad" or "good," just neutral and requires more research.
With Amazon, they've increased CapEx spending massively in the past 2 years so that has pushed down CapEx. CFO is growing, driven by organic revenue growth (no "games" with Working Capital), but it's very difficult to assess whether all that CapEx spending will pay off in the long-term.
With Salesforce, FCF is definitely growing organically (Revenue growth leads directly to CFO growth, and CapEx varies a bit but not as much as with Amazon), but the company is also spending a ton on acquisitions... will it continue?
If CapEx as a % of revenue stays low, it will most likely continue to spend on acquisitions - unlikely to issue dividends, repurchase shares, etc. since it's a growth company.
Further Resources
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-10-Free-Cash-Flow.xlsx
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-10-Walmart-Financial-Statements.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-10-Amazon-Financial-Statements.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-10-Salesforce-Financial-Statements.pdf

You'll learn what "FreeCash Flow" (FCF) means, why it's such an important metric when analyzing and valuing companies.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn how to interpret positive vs. negative FCF, and what different numbers over time mean -- using a comparison between Wal-Mart, Amazon, and Salesforce as our example.
Table of Contents:
0:54 What Free Cash Flow (FCF) is and Why It's Important
2:26 What Positive FCF Tells You, and What to Do With It
3:56 What Negative FCF Tells You, and What to Do With It
4:38 Why You Exclude Most Investing and Financing Activities in the FCF Calculation
7:55 How to Use and Interpret FCF When Analyzing Companies
11:58 Wal-Mart vs. Amazon vs. Salesforce: Free Cash Flow Across Sectors
19:33 Recap and Summary
What is Free Cash Flow?
Normally it's defined as Cash Flow from Operations minus Capital Expenditures.
Tells you the company's DISCRETIONARY cash flow - after paying for expenses and working capital requirements like inventory and capital expenditures, how much cash flow can it put to use for other purposes?
If the company generates a lot of Free Cash Flow, it has many options:
hire more employees, spend more on working capital, invest in CapEx, invest in other securities, repay debt, issue dividends or repurchase shares, or even acquire other companies.
If FCF is negative, you need to dig in and see if it's a one-time issue or recurring problem, and then figure out why: Are sales declining? Are expenses too high? Is the company spending too much on CapEx?
If FCF is consistently negative, the company might have to raise debt or equity eventually, or it might have to restructure itself or cut costs in some other way.
Why Do You Exclude Most Investing and Financing Activities Other Than CapEx?
Because all other activities are, for the most part, "optional" and non-recurring.
A normal company does not NEED to buy stocks or issue dividends or repurchase shares... those are all optional uses of cash.
All it NEEDS to do to keep its business running is sell products to customers, pay for expenses, and keep investing in longer-term assets such as buildings and equipment (PP&E).
Debt repayment and interest expense are "borderline" because some variations of Free Cash Flow will include them, others will exclude them, and some will include interest expense but not debt principal repayment.
How Do You Use Free Cash Flow?
It's used in a DCF (or at least, a variation of it) to value a company; it's also used in a leveraged buyout (LBO) model to determine how much debt a company can repay.
And you can calculate it on a standalone basis for use when comparing different companies.
The key is to DIG IN and see why Free Cash Flow is changing the way it is - Organic sales growth? Artificial cost-cutting? Accounting gimmicks? Different working capital policies?
IDEALLY, FCF will be increasing because of higher units sales and/or higher market share, and/or higher margins due to economies of scale.
LessGood: FCF is growing due to cost-cutting, CapEx slashing, or FCF is growing in spite of falling sales and profits... because of a company playing games with Working Capital, non-core activities, or CapEx spending.
Wal-Mart vs. Amazon vs. Salesforce ComparisonMain takeaway here is that Wal-Mart's FCF is all over the place, but Cash Flow from Operations is MOSTLY growing, so that appears to be driven by the also growing organic sales.
The company is doing some odd things with CapEx and Working Capital, which led to fluctuations in FCF - not exactly "bad" or "good," just neutral and requires more research.
With Amazon, they've increased CapEx spending massively in the past 2 years so that has pushed down CapEx. CFO is growing, driven by organic revenue growth (no "games" with Working Capital), but it's very difficult to assess whether all that CapEx spending will pay off in the long-term.
With Salesforce, FCF is definitely growing organically (Revenue growth leads directly to CFO growth, and CapEx varies a bit but not as much as with Amazon), but the company is also spending a ton on acquisitions... will it continue?
If CapEx as a % of revenue stays low, it will most likely continue to spend on acquisitions - unlikely to issue dividends, repurchase shares, etc. since it's a growth company.
Further Resources
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-10-Free-Cash-Flow.xlsx
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-10-Walmart-Financial-Statements.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-10-Amazon-Financial-Statements.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-10-Salesforce-Financial-Statements.pdf

Enterprise Value: Why You Add and Subtract Items

In this Enterprise Value lesson we take a look at the rules of thumb to figure out what should be added or subtracted when you calculate it.
By http://breaking...

In this Enterprise Value lesson we take a look at the rules of thumb to figure out what should be added or subtracted when you calculate it.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
This also covers a short case study based on Vivendi (a leading media/telecom conglomerate based in France),
Everyone knows the definition of Enterprise Value: Take Equity Value, add Debt and Preferred Stock (and others), and subtract Cash...
But WHY do you do any of that?
Enterprise Value represents the value of the company's CORE BUSINESS OPERATIONS to ALL THE INVESTORS in the company - equity, debt, preferred stock, etc.
So focus on OPERATIONAL ITEMS and ALL INVESTORS when thinking about what to include... and what to exclude!
Table of Contents:
1:19 What Enterprise Value Means
2:10 The 3 KeyRules of Thumb5:15 Walk-Through of Vivendi's Assets and What to Subtract
11:08 How to Determine the ProperTreatment for Certain Assets
12:33 Excel Calculations for Assets Subtracted
13:30 Walk-Through of Vivendi's Liabilities & Equity and What to Add
15:14 How to Determine the Proper Treatment for Certain Liabilities
17:04 Excel Calculations for Liabilities Added
18:57 The Equity Section and Noncontrolling Interests
19:45 Recap and Summary
The Three Rules of Thumb:
1. Is this item a *long-term funding source* for the company?
In other words, will the funds we raise from this item help fund our business for years to come?
If so, you should ADD this item when calculating
Enterprise Value!
Examples: Debt, Preferred Stock, Noncontrolling Interests
(Minority Interests), Capital Leases, Unfunded Pension Obligations, Restructuring/Environmental Liabilities...
2. Will this item cost an acquirer of the company something extra when they go to buy it?
And is it NOT something that will be repaid out of the company's
normal operating cash flows (e.g., Accounts Payable)?
If so, ADD it when calculating Enterprise Value!
Examples: Debt, Preferred Stock.
3. Is this item NOT an operating asset?
In other words, could the company continue to operate even WITHOUT this particular asset and be fine?
If so, SUBTRACT it when calculating Enterprise Value!
(These items often "save acquirers money" when buying the
company.)
Examples: Cash, Liquid Investments, Net Operating Losses, Assets
from Discontinued Operations or Assets Held for Sale...
How Does Each Item In Our AnalysisSatisfy This Criteria?
ITEMS THAT YOU SUBTRACT:
Cash - Non-operating asset, the company doesn't "need" it to run
its business beyond a certain low, minimum level.
Liquid Investments - Also non-operating, the company has no need
to invest in the stock market if it sells normal products/services.
Equity Investments - Non-operating, not recorded in this
company's revenue/expenses, doesn't "need" it to run the business.
Other Non-Core Assets - Typically items that will be sold off or
discontinued soon, so they're the very definition of "non-operating."
NOLs - Also non-operating since long-term tax savings from these
are not required to run the business.
ITEMS THAT YOU ADD:
Debt - Long-term funding source, and an acquirer has to repay it.
Preferred Stock - Long-term funding source, and an acquirer
has to repay it.
Noncontrolling Interests - Long-term funding source, but this
one's mostly for *comparability*... the company has recorded 100% of revenue and expenses from this company, so we want to capture 100% of its value as well (see our dedicated lesson on this one).
Unfunded Pension Obligations - They're a long-term funding source!
"Work for us now, we'll pay you a bit less, but we'll take care
of you when you retire! Really!"
To the company, very much like super-long-term debt.... but owed to employees, not outside investors.
Plus, an acquirer has to pay for these somehow...
Capital Leases - Also a long-term funding source, sort of like
debt used to fund PP&E... these leases are used to fund operations and must be repaid.
Restructuring & Legal Liabilities - Increases the cost to an
acquirer, and they are also "long-term funding" of a sort - "Instead of
paying for these expenses right now, we'll take care of them far into
the future and reflect that liability."
The Bottom-Line
The Enterprise Value calculation is always somewhat subjective, and you'll see it done different ways.
Everyone agrees on certain items (Cash, Debt, Preferred Stock), but the treatment of others varies by group, firm, industry, etc.
As long as you can justify and explain how you calculated it, you'll be fine - even if someone else wants to change it later.
To do that, keep in mind the 3 key rules of thumb above.
Further Resources
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/106-07-VIV-Equity-Value-Enterprise-Value.xlsx
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/106-07-VIV-Annual-Financial-Statements-Notes.pdf

In this Enterprise Value lesson we take a look at the rules of thumb to figure out what should be added or subtracted when you calculate it.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
This also covers a short case study based on Vivendi (a leading media/telecom conglomerate based in France),
Everyone knows the definition of Enterprise Value: Take Equity Value, add Debt and Preferred Stock (and others), and subtract Cash...
But WHY do you do any of that?
Enterprise Value represents the value of the company's CORE BUSINESS OPERATIONS to ALL THE INVESTORS in the company - equity, debt, preferred stock, etc.
So focus on OPERATIONAL ITEMS and ALL INVESTORS when thinking about what to include... and what to exclude!
Table of Contents:
1:19 What Enterprise Value Means
2:10 The 3 KeyRules of Thumb5:15 Walk-Through of Vivendi's Assets and What to Subtract
11:08 How to Determine the ProperTreatment for Certain Assets
12:33 Excel Calculations for Assets Subtracted
13:30 Walk-Through of Vivendi's Liabilities & Equity and What to Add
15:14 How to Determine the Proper Treatment for Certain Liabilities
17:04 Excel Calculations for Liabilities Added
18:57 The Equity Section and Noncontrolling Interests
19:45 Recap and Summary
The Three Rules of Thumb:
1. Is this item a *long-term funding source* for the company?
In other words, will the funds we raise from this item help fund our business for years to come?
If so, you should ADD this item when calculating
Enterprise Value!
Examples: Debt, Preferred Stock, Noncontrolling Interests
(Minority Interests), Capital Leases, Unfunded Pension Obligations, Restructuring/Environmental Liabilities...
2. Will this item cost an acquirer of the company something extra when they go to buy it?
And is it NOT something that will be repaid out of the company's
normal operating cash flows (e.g., Accounts Payable)?
If so, ADD it when calculating Enterprise Value!
Examples: Debt, Preferred Stock.
3. Is this item NOT an operating asset?
In other words, could the company continue to operate even WITHOUT this particular asset and be fine?
If so, SUBTRACT it when calculating Enterprise Value!
(These items often "save acquirers money" when buying the
company.)
Examples: Cash, Liquid Investments, Net Operating Losses, Assets
from Discontinued Operations or Assets Held for Sale...
How Does Each Item In Our AnalysisSatisfy This Criteria?
ITEMS THAT YOU SUBTRACT:
Cash - Non-operating asset, the company doesn't "need" it to run
its business beyond a certain low, minimum level.
Liquid Investments - Also non-operating, the company has no need
to invest in the stock market if it sells normal products/services.
Equity Investments - Non-operating, not recorded in this
company's revenue/expenses, doesn't "need" it to run the business.
Other Non-Core Assets - Typically items that will be sold off or
discontinued soon, so they're the very definition of "non-operating."
NOLs - Also non-operating since long-term tax savings from these
are not required to run the business.
ITEMS THAT YOU ADD:
Debt - Long-term funding source, and an acquirer has to repay it.
Preferred Stock - Long-term funding source, and an acquirer
has to repay it.
Noncontrolling Interests - Long-term funding source, but this
one's mostly for *comparability*... the company has recorded 100% of revenue and expenses from this company, so we want to capture 100% of its value as well (see our dedicated lesson on this one).
Unfunded Pension Obligations - They're a long-term funding source!
"Work for us now, we'll pay you a bit less, but we'll take care
of you when you retire! Really!"
To the company, very much like super-long-term debt.... but owed to employees, not outside investors.
Plus, an acquirer has to pay for these somehow...
Capital Leases - Also a long-term funding source, sort of like
debt used to fund PP&E... these leases are used to fund operations and must be repaid.
Restructuring & Legal Liabilities - Increases the cost to an
acquirer, and they are also "long-term funding" of a sort - "Instead of
paying for these expenses right now, we'll take care of them far into
the future and reflect that liability."
The Bottom-Line
The Enterprise Value calculation is always somewhat subjective, and you'll see it done different ways.
Everyone agrees on certain items (Cash, Debt, Preferred Stock), but the treatment of others varies by group, firm, industry, etc.
As long as you can justify and explain how you calculated it, you'll be fine - even if someone else wants to change it later.
To do that, keep in mind the 3 key rules of thumb above.
Further Resources
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/106-07-VIV-Equity-Value-Enterprise-Value.xlsx
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/106-07-VIV-Annual-Financial-Statements-Notes.pdf

LBO Model Tutorial - Full DELL Case Study with Templates (Part 1)

In this LBOModel tutorial, we walk through Silver Lake's $24 billion leveraged buyout of Dell and explain the tasks you might have to complete if you were to a...

In this LBOModel tutorial, we walk through Silver Lake's $24 billion leveraged buyout of Dell and explain the tasks you might have to complete if you were to analyze this deal as part of a case study in a private equity interview.
By http://www.mergersandinquisitions.com/ "Break Into Investment Banking or Private Equity, The Easy Way"
Among other topics, we cover typical LBO case study questions to expect, why this particular deal was so unusual, and how to begin gathering data from industry reports, equity research, Dell's filings and investor presentations, and other sources.
Then, we delve into how the transaction assumptions are set up, why the calculation for debt and equity is somewhat unusual, and how to factor in Michael Dell's equity rollover and cash contribution and the company's own excess cash usage.
Finally, we conclude with a discussion of the Sources & Uses schedule and how that works, plus a description of the different types of debt used in the transaction.
WANT MORE FREE FINANCIAL MODELING TUTORIALS? Receive a Free 3-Part Tutorial on **How to Build Your FirstMerger Model** based on the $16BUnited / Goodrich deal. Visit: www.breakingintowallstreet.com/biws
MENTIONED RESOURCES
http://www.mergersandinquisitions.com/leveraged-buyout-lbo-model-overview-capital-structure/ (Click to access the full case study and FREE downloadable templates)

In this LBOModel tutorial, we walk through Silver Lake's $24 billion leveraged buyout of Dell and explain the tasks you might have to complete if you were to analyze this deal as part of a case study in a private equity interview.
By http://www.mergersandinquisitions.com/ "Break Into Investment Banking or Private Equity, The Easy Way"
Among other topics, we cover typical LBO case study questions to expect, why this particular deal was so unusual, and how to begin gathering data from industry reports, equity research, Dell's filings and investor presentations, and other sources.
Then, we delve into how the transaction assumptions are set up, why the calculation for debt and equity is somewhat unusual, and how to factor in Michael Dell's equity rollover and cash contribution and the company's own excess cash usage.
Finally, we conclude with a discussion of the Sources & Uses schedule and how that works, plus a description of the different types of debt used in the transaction.
WANT MORE FREE FINANCIAL MODELING TUTORIALS? Receive a Free 3-Part Tutorial on **How to Build Your FirstMerger Model** based on the $16BUnited / Goodrich deal. Visit: www.breakingintowallstreet.com/biws
MENTIONED RESOURCES
http://www.mergersandinquisitions.com/leveraged-buyout-lbo-model-overview-capital-structure/ (Click to access the full case study and FREE downloadable templates)

Wall Street Greed: Financial Crises Since 3500 BCE (CC)

Notes for Economics
www.saseassociates.com
In this video, we explore the the history of 19th-century thought and apply it to an analysis financial crises from ...

Notes for Economics
www.saseassociates.com
In this video, we explore the the history of 19th-century thought and apply it to an analysis financial crises from Sumerian times to the present age. The take-away is that these economic booms and busts have continued to occur and reoccur over the millenia. Therefore, to sketch the profound changes of economic cycles we turn to some of the more esoteric economic thought to explore the subject in the context of multi-millenial Cultural and EmpireCycles all the way down to the more conventional Business Cycle.
To accomplish this task, we review the economic, social, political, and cultural thoughts of polymaths such as Jeremy Bentham, John Stuart Mill, Johann von Goethe, John Ruskin, Benjamin Diraeli, Rudolf Steiner, and others and incorporate their own words into our in-depth discussion. Through this approach, we demonstrate that in respect to the most recent economic crisis, 1. This time is NOT different, and 2. These cycles of multiple interweaving lengths extend back throughout human history as far as we can measure.
WARNING: This is an esoteric approach to the understanding of economic cycles. First, we explore the economic thought and observations of a group of polymaths from the past and present centuries. Then, we apply their ideas to trace the rise and fall of economies at the level of Empire Cycles down to the more mundane but shorter Business Cycle.

Notes for Economics
www.saseassociates.com
In this video, we explore the the history of 19th-century thought and apply it to an analysis financial crises from Sumerian times to the present age. The take-away is that these economic booms and busts have continued to occur and reoccur over the millenia. Therefore, to sketch the profound changes of economic cycles we turn to some of the more esoteric economic thought to explore the subject in the context of multi-millenial Cultural and EmpireCycles all the way down to the more conventional Business Cycle.
To accomplish this task, we review the economic, social, political, and cultural thoughts of polymaths such as Jeremy Bentham, John Stuart Mill, Johann von Goethe, John Ruskin, Benjamin Diraeli, Rudolf Steiner, and others and incorporate their own words into our in-depth discussion. Through this approach, we demonstrate that in respect to the most recent economic crisis, 1. This time is NOT different, and 2. These cycles of multiple interweaving lengths extend back throughout human history as far as we can measure.
WARNING: This is an esoteric approach to the understanding of economic cycles. First, we explore the economic thought and observations of a group of polymaths from the past and present centuries. Then, we apply their ideas to trace the rise and fall of economies at the level of Empire Cycles down to the more mundane but shorter Business Cycle.

published:19 Sep 2014

views:11136

back

7 Growth Strategies To Scale From $0 to $100 Million Company W/ Patrick Bet-David

The opportunity for your personal brand is greater than the opportunity for your business' brand. The people who ask, "Do you really need both?" are failing to ...

The opportunity for your personal brand is greater than the opportunity for your business' brand. The people who ask, "Do you really need both?" are failing to see this truth. With a personal brand, you are able to differentiate yourself from the competition in a wildly unique way. The landscape caters to individuality; it’s a platform for self-expression. However, with a business’ brand, the story behind the product or service inevitably gets diluted by the fact that it is a product or service...Listen to this Episode on Spotify: http://spoti.fi/2Bwehgg
Download and Subscribe to the Podcast on iTunes: http://apple.co/2BHtRYT
SUBSCRIBE FOR DAILY VIDEOS ▶︎ http://tailopez.com/subscribe
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The opportunity for your personal brand is greater than the opportunity for your business' brand. The people who ask, "Do you really need both?" are failing to see this truth. With a personal brand, you are able to differentiate yourself from the competition in a wildly unique way. The landscape caters to individuality; it’s a platform for self-expression. However, with a business’ brand, the story behind the product or service inevitably gets diluted by the fact that it is a product or service...Listen to this Episode on Spotify: http://spoti.fi/2Bwehgg
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SUBSCRIBE FOR DAILY VIDEOS ▶︎ http://tailopez.com/subscribe
🔊 LISTEN TO DAILY PODCAST on ITUNES ▶︎ https://tailopez.com/podcastyt
📚 Tai's Recommended BookList: https://www.tailopez.com/books
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published:22 Dec 2017

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'State of Surveillance' with Edward Snowden and Shane Smith (VICE on HBO: Season 4, Episode 13)

When NSA whistleblower Edward Snowden leaked details of massive government surveillance programs in 2013, he ignited a raging debate over digital privacy and se...

When NSA whistleblower Edward Snowden leaked details of massive government surveillance programs in 2013, he ignited a raging debate over digital privacy and security. That debate came to a head this year, when Apple refused an FBI court order to access the iPhone of alleged San BernardinoTerroristSyed Farook. Meanwhile, journalists and activists are under increasing attack from foreign agents. To find out the government's real capabilities, and whether any of us can truly protect our sensitive information, VICE founder Shane Smith heads to Moscow to meet the man who started the conversation, Edward Snowden.
VICE on HBOSeason 1: http://bit.ly/1BAQdq5
VICE on HBO Season 2:http://bit.ly/1LBL8y6
VICE on HBO Season 3:http://bit.ly/1XaNpct
Check out VICE News' continuing coverage of Edward Snowden and the surveillance debate:
SnowdenClaims 'Deceptive' NSA Still Has Proof He Tried to RaiseSurveillance Concerns: http://bit.ly/25MqUfD
Exclusive: Snowden Tried to Tell NSA About Surveillance Concerns, Documents Reveal: http://bit.ly/1TVVkog
Click here to subscribe to VICE: http://bit.ly/Subscribe-to-VICE
Check out our full video catalog: http://bit.ly/VICE-Videos
Videos, daily editorial and more: http://vice.com
More videos from the VICE network: https://www.fb.com/vicevideo
Like VICE on Facebook: http://fb.com/vice
Follow VICE on Twitter: http://twitter.com/vice
Read our Tumblr: http://vicemag.tumblr.com
Follow us on Instagram: http://instagram.com/vice
Check out our Pinterest: https://pinterest.com/vicemag

When NSA whistleblower Edward Snowden leaked details of massive government surveillance programs in 2013, he ignited a raging debate over digital privacy and security. That debate came to a head this year, when Apple refused an FBI court order to access the iPhone of alleged San BernardinoTerroristSyed Farook. Meanwhile, journalists and activists are under increasing attack from foreign agents. To find out the government's real capabilities, and whether any of us can truly protect our sensitive information, VICE founder Shane Smith heads to Moscow to meet the man who started the conversation, Edward Snowden.
VICE on HBOSeason 1: http://bit.ly/1BAQdq5
VICE on HBO Season 2:http://bit.ly/1LBL8y6
VICE on HBO Season 3:http://bit.ly/1XaNpct
Check out VICE News' continuing coverage of Edward Snowden and the surveillance debate:
SnowdenClaims 'Deceptive' NSA Still Has Proof He Tried to RaiseSurveillance Concerns: http://bit.ly/25MqUfD
Exclusive: Snowden Tried to Tell NSA About Surveillance Concerns, Documents Reveal: http://bit.ly/1TVVkog
Click here to subscribe to VICE: http://bit.ly/Subscribe-to-VICE
Check out our full video catalog: http://bit.ly/VICE-Videos
Videos, daily editorial and more: http://vice.com
More videos from the VICE network: https://www.fb.com/vicevideo
Like VICE on Facebook: http://fb.com/vice
Follow VICE on Twitter: http://twitter.com/vice
Read our Tumblr: http://vicemag.tumblr.com
Follow us on Instagram: http://instagram.com/vice
Check out our Pinterest: https://pinterest.com/vicemag

WATER, the New Domain of MegaBanks.
Water is now becoming the new domain of the mega-banks, such as, Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank,
Credit Suisse, Barclays Bank, the Blackstone Group, Allianz, HSBCBank and also of high ultra-wealth individuals like T. Boone Pickens and the Bush family. The drive to own control and charge more for the earth's water sources is real. And the definition of 'Water' is very encompassing and includes far more than the ordinary person may think. “water,” includes water rights (i.e., the right to tap groundwater, aquifers, and rivers), land with bodies of water on it or under it (i.e., lakes, ponds, and natural springs on the surface, or groundwater underneath), desalination projects, water-purification and treatment technologies (e.g., desalination, treatment chemicals and equipment), irrigation and well-drilling technologies, water and sanitation services and utilities, water infrastructure maintenance and construction (from pipes and distribution to all scales of treatment plants for residential, commercial, industrial, and municipal uses).
As always, the wicked never rest, so it is up to us to stay vigilant and thwart the plans of the control freaks in any manner that we can.

WATER, the New Domain of MegaBanks.
Water is now becoming the new domain of the mega-banks, such as, Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank,
Credit Suisse, Barclays Bank, the Blackstone Group, Allianz, HSBCBank and also of high ultra-wealth individuals like T. Boone Pickens and the Bush family. The drive to own control and charge more for the earth's water sources is real. And the definition of 'Water' is very encompassing and includes far more than the ordinary person may think. “water,” includes water rights (i.e., the right to tap groundwater, aquifers, and rivers), land with bodies of water on it or under it (i.e., lakes, ponds, and natural springs on the surface, or groundwater underneath), desalination projects, water-purification and treatment technologies (e.g., desalination, treatment chemicals and equipment), irrigation and well-drilling technologies, water and sanitation services and utilities, water infrastructure maintenance and construction (from pipes and distribution to all scales of treatment plants for residential, commercial, industrial, and municipal uses).
As always, the wicked never rest, so it is up to us to stay vigilant and thwart the plans of the control freaks in any manner that we can.

Thursday on the NewsHour, tensions brew among White House staff as one of the president's closest aides leaves. Also: PresidentTrump's controversial new tariffs on foreign steel and aluminum, Russia's boasts about new weapons, Jared Kushner's business dealings, women claim pattern of discrimination at the U.S.Forest Service, corporate responses to the gun debate and why music is key to learning.

Thursday on the NewsHour, tensions brew among White House staff as one of the president's closest aides leaves. Also: PresidentTrump's controversial new tariffs on foreign steel and aluminum, Russia's boasts about new weapons, Jared Kushner's business dealings, women claim pattern of discrimination at the U.S.Forest Service, corporate responses to the gun debate and why music is key to learning.

Within the first 20 years after slavery ended we, Blacks, had our own fully functional, economically sound communities. We had our own life insurance companies...

Within the first 20 years after slavery ended we, Blacks, had our own fully functional, economically sound communities. We had our own life insurance companies, banks, dry cleaners, merchants, doctors, lawyers, clergy, etc. The black dollar was turning over more than 10 times before leaving our neighborhoods. However, white people were enraged by the false proganda presented to them about black people. Fear was placed in them, for no reason. Propaganda like "Birth of A Nation" caused extreme fright and this caused white Americans to become jealous and enraged. They literally went door to door and burned our communities down. We had "Little Africas" and "Black WallStreets". Even after the breakdown of our families, bodies, minds and souls during slavery, we had our economy and a strong family structure built on good morals and values within 20 years of being freed. Many Whites of the time were hateful and couldn't stand to see us make these achievements.

Within the first 20 years after slavery ended we, Blacks, had our own fully functional, economically sound communities. We had our own life insurance companies, banks, dry cleaners, merchants, doctors, lawyers, clergy, etc. The black dollar was turning over more than 10 times before leaving our neighborhoods. However, white people were enraged by the false proganda presented to them about black people. Fear was placed in them, for no reason. Propaganda like "Birth of A Nation" caused extreme fright and this caused white Americans to become jealous and enraged. They literally went door to door and burned our communities down. We had "Little Africas" and "Black WallStreets". Even after the breakdown of our families, bodies, minds and souls during slavery, we had our economy and a strong family structure built on good morals and values within 20 years of being freed. Many Whites of the time were hateful and couldn't stand to see us make these achievements.

Do you feel overwhelmed when it comes to cleaning your home? Do you not have enough time in your busy life to take care of your house cleaning needs? We pride ourselves on our friendly, honest, and professional staff. Give us a call today at 877-933-6842 and let us tell you about the range of our custom and tailored services.

Just a few short blocks from the New York Stock Exchange, another Wall Street institution sits at its centuries-long perch at the triangular intersection of William and Beaver streets.
Delmonico's is widely considered to be one of the very first sit down restaurants in America, born at a time when New York offered little more than taverns and oyster cellars. Culinary mainstays like eggs benedict and baked Alaska were invented in their kitchen.
While Delmonico's is (rightly) renowned for its steak offerings, Executive ChefBillyOliva tipped us off to several decadent items that aren't on the printed menu. Skip the dining room and head straight to the bar to ask the bartender for these secret items like a $100 grilled cheese or a $50 cookie.
Delmonico's is celebrating its 180th anniversary in September in style, offering a 180-day dry aged steak for a whopping $380.
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